Question 15 (5 points) A corporation is a business organized under federal law that is a separate legal entity True False Question 16 (5 points) All of the following are advantages of a corporation except: Corporations can raise more money than a proprietorship or partnership. Stockholders have limited liability. The earnings of a corporation may be subject to double taxation. A corporation has a continuous life. Question 17 (5 points) The maximum number of shares that a corporation may issue is called: Authorized stock Issued and outstanding stock Issued stock Question 18 (5 points) Authorized stock is 50.000 shares. Issued and outstanding stock is 35,000 shares. Issued stock is 40,000 shares. How many treasury shares does the company have? Exclude the comma in your