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.) Owners have limited liability for corporate debts 2 it has an unlimited life 2 Directors oversee its business affairs. 2 Ownership is usually transferred readly Compared to other forms of organization-capital (financing) is more difficult to accumulate. 2 Generally there is no double taxation on corporate income that is distributed to owners 2 It is not a separate legal entity from its owners