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Identify which of the following statements are true for the corporate form of organization. select all that apply Owners have limited liability for corporate debts.

Identify which of the following statements are true for the corporate form of organization. select all that apply

  • Owners have limited liability for corporate debts.
  • Shareholders are not personally liable for corporate acts.
  • The sale of shares from one stockholder to another does not impact operations. An exception is when it changes the makeup of directors.
  • Stockholders do not have the power to bind the corporation to contracts.
  • Generally there is no double taxation on corporate income that is distributed to owners.
  • Corporations are often subject to fewer regulations than partnerships.
  • Stockholders are expected to hire and fire key executives.

The three dates related to a cash dividend include all of the following. select all that apply

Date of declaration

Date of payment

Date of issuance

Date of record

Date of payable

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