Question 1 of Question 1 0.75 points In the corporate form of business, it is not allowed to the corporation to give shares of its stock to promoters founders in exchange for their services in organizing the corporation True False Question 2 The stockholders' equity section of a corporation always does not include retained earnings. O True False Common stock is the only type or category of stock that a corporations can issue. True False A Moving to another question will save this response. Question 4 Preferred stock always carries a preference for receiving dividends over common stock. True False Moving to another question will save this response. A Moving to another question will save this response. Question 5 Treasury stock is classified as: O a. A liability account. O b. An investment (asset) account Oc. A contra asset account d. A contra equity account. A Moving to another question will save this response. Click Submit to complete this assessment. Question 6 Which of the following is a disadvantage of corporate form of organization: O a Separate legal entity Ob. Corporate taxation Oc Limited liability, d. No mutual agency for stockholders. Click Submit to complete this assessment