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 an unlimited life.
• Ownership is usually transferred readily.
• It has a continuous life.
• Transfer of ownership rights among owners generally does not impact equity.
• It is not a separate legal entity from its owners.
• Owners are agents of the corporation.
• Owners are liable for debt and the acts of the corporation.