of business ELS (LO 2) C Listed below are several statements regarding different forms of business organization Instructions For each statement, indicate if that statement is true or false for each of the forms of business organization by placing a T or an F in each column. Publicly Traded Proprietorship Partnership Corporation a. Owners have limited liability. b. Records of the business are combined with the personal records of the owner or owners. c. Required to follow IFRS. d. Pays income taxes on its profits. e. Owners are called "shareholders." vd t o b e f. Will have more than one owner. g. Has a limited life. h. Has a separate legal existence from its owners