Which of the following is not true?

Group of answer choices

Corporations are subject to double taxation, meaning that owners of a corporation will pay taxes twice by paying the corporate taxes and individual income tax separately.

After lending money to the firm, the debtholders do not get any ownership interests in the firm in exchange of the money they lent.

Generally, equity holders have a higher priority over debtholders in liquidating the firm's assets (or going after the firm to recover its money) in case the firm goes bankrupt because the equity holders have ownership rights to the company.

The agency problem arises when the principal (i.e. the employer) hires someone to do certain job for him/her, and the employed person has an incentive to act in a manner that will hurt the principal's (employer's) interests.