Problem 1-4 Corporations Which of the following statements always apply to corporations? (Check all that apply. In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click the option twice to empty the box.) Unlimited liability. ? Limited life. ? Ownership can be transferred without affecting operations. ? Managers can be fired with no effect on ownership