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.) Directors oversee its business affairs. ownership is usually transferred readily 2 Stockholders do not have the power to bind the corporation to contracts 2 It has a continuous life Generally there is no double taxation on corporate Income that is distributed to owners. 2 It is not a separate legal entity from its owners. 2 Owners are liable for debt and the acts of the corporation