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Identify which of the following statements are true for the corporate form of organization. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) 7 Owners have limited liability for corporate debts Directors oversee its business affairs. ?Stockholders do not have the power to bind the corporation to contracts. It does not end with the death of an owner Owners are personally liable for corporate debts 7 Generally there is no double taxation on corporate income that is distributed to owners 7 Stockholders are expected to hire and fire key executives