Of the following statements, which 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.) It has a continuous life. Transfer of ownership rights among owners generally does not impact equity. 1 Ownership is usually transferred readily. Stockholders do not have the power to bind the corporation to contracts. Compared to other forms of organization- capital (financing) is more difficult to accumulate. Generally there is no double taxation on corporate income that is distributed to owners. It is not a separate legal entity from its owners