Marks of 32 Which of the following statements is not correct? Select one O a Ownership of common shares gives the owner a voting right b. la company's shares are sold by one shareholder to another, this transaction must be recorded by the company, and Share Capital c. The authorization of share capital does not result in a transaction that is recorded by the company O d. Legal capital cannot be distributed to shareholders. Notes Which one of the following would normally be considered a disadvantage of the corporate form of organization? Select one: O a. Limited liability of shareholders O b. Separate legal existence C. Continuous life O d. Government regulation N