Question 31 (5 points) Corporations must be public and have stock that is publicly traded. True False Question 32 (5 points) A corporation is a business that "incorporates"-it is owned by shareholders that have limited liability for the debt of the company but share in its profits (and losses). True False Question 33 (5 points) The statement of cash flows, or the cash flow statement (CFS), is a financial statement that summarizes the amount of cash and cash equivalents entering and leaving a company. True False