Question 1.1.A stockholder in a corporation has limited liability. (Points : 1)

True False

Question 2.2.Income for a partner incurs double taxation since the partnership is a taxable entity. (Points : 1)

True False

Question 3.3.A partnership has perpetual existence since someone can purchase the share of the partnership belonging to a deceased partner upon their death. (Points : 1)

True False

Question 4.4.A sole proprietor cannot have employees and remain a sole proprietor. (Points : 1)

True False

Question 5.5.Treasury stock is stock that has been repurchased by the issuing corporation. (Points : 1)

True False