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. Any boxes left with a question mark will be automatically graded as incorrect.) check all that apply

• Stockholders are expected to hire and fire key executives.
• It is a separate legal entity.
• Capital is more easily accumulated than with most other forms of organization.
• The sale of shares from one stockholder to another does not impact operations. An exception is when it changes the makeup of directors.
• Owners are personally liable for corporate debts.
• Corporate income that is distributed to shareholders is usually taxed twice.
• Owners are not agents of the corporation.