DIRECTIONS: Indicate how to correct ALL of the false statements. Please be sure to include which number the statement is and the statement that will correct the false ones.

**Do not provide incomplete answers

**Do not start working on this unless you intend to provided an accurate answer and a full complete answer

**This is a quick and easy problem that should not take very long to answer! Easy payment. :)

1	A corporation is an entity separate and distinct from its owners.	True
2	As a legal entity, a corporation has most of the rights and privileges of a person	True
3	Most of the largest U.S. corporations are privately held corporations.	False
4	Corporations may buy, own, and sell property; borrow money; enter into legally binding contracts; and sue and be sued.	True
5	The net income of a corporation is not taxed as a separate entity	False
6	Creditors have a legal claim on the personal assets of the owners of a corporation if the corporation does not pay its debts	False
7	The transfer of stock from one owner to another requires the approval of either the corporation or other stockholders	False
8	The board of directors of a corporation legally owns the corporation	False
9	The chief accounting officer of a corporation is the controller	True
10	Corporations are subject to fewer state and federal regulations than partnerships or proprietorships.	False

3. 5. 6. 7. 8. 10