True/False

11. lflandis purchased as a building site, the cost of removing existing structures is not charged to the Land account. 12. Depreciation is the process of allocating the cost of a plant asset to expense in the accounting periods benefiting from its use. 13. A stock dividend is the same as a cash dividend. 14. A corporation is a separate legal entity 15. A corporation has a limited life. 16. Capital is more easily accumulated in a corporation than with most other forms of organization. 17. Corporate income that is distributed to shareholders is usually taxed twice. 18. Owners have unlimited liability for corporate debts. 19. Ownership rights in a corporation cannot be easily transferred. 20. Stock splits reduce the par or stated value per share