Indicate whether each of the following statements is true (T) or false (F).

e. An advantage of the corporate form of business is double taxation on the corporations earnings.

i. In accounting, the word net is often used when describing the difference between two different amounts.

j. Dividends are considered to be an expense of doing business.

k. Corporations engage in three primary types of business activities financing, investing, and operating.

p. GAAP is primarily established by the Internal Revenue Service

q. Outside auditors are often hired by a corporation to give specific investing or lending advice to decision-makers.