QS 11-1 Characteristics of corporations LO C1 Identify which of the following statements 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.) Shareholders are not personally liable for corporate acts. The sale of shares from one stockholder to another does not impact operations. An exception is when it changes the makeup or directors It has many of the same rights as an individual it does not end with the death of an owner Corporations are often subject to fewer regulations than partnerships Stockholders are expected to hire and fire key executives. The president and vice presidents choose the board of directors. Which of the following statements are true regarding dividends? (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.) A stock dividend commonly indicates management's confidence that the company is doing well, A large stock dividend is a distribution of more than 25% of previously outstanding shares Altock dividends (orge and small) are recorded at the market value of the stock price as of date of declaration A stock dividend increases the number of outstanding shares