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.) The sale of shares from one stockholder to another does not impact operations. An exception is when it changes the makeup of direc directors It is a separate legal entity Stockholders are expected to hire and fire key executives Corporations are often subject to fewer regulations then partnerships. Stockholders do not have the power to bind the corporation to contracts Corporate income that is distributed to shareholders is usually toxed twice > Owners are not agents of the corporation