S 11-1 (Static) 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. Any boxes left with a question mark will be automatically graded as incorrect.) 2 Ownership rights cannot be easily transferred. Owners have unlimited liability for corporate debts. 7 Capital is more easily accumulated than with most other forms of organization. ? Corporate income that is distributed to shareholders is usually taxed twice. 2 2 It is a separate legal entity It has a limited life. ? Owners are not agents of the corporation. Quick Studies and Exercises Saved Exercise 11-2 (Static) Rights of stockholders LO C1 Indicate which activities of Stockton Corporation violated the rights of a stockholder who owned one share of common stock. (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. Any boxes left with a question mark will be automatically graded as incorrect.) Did not allow the stockholder to sell the stock to her brother. Rejected the stockholder's request to be put in charge of its retail store. Paid the stockholder a smaller dividend per share than another common stockholder. ? Rejected the stockholder's request to vote via proxy because she was home sick. 2 In liquidation, paid the common shareholder after all creditors were already paid. Help