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Identify which of the following statements are true for the corporate form of organization. (You...

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Accounting

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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.) It does not end with the death of an owner. Shareholders are not personally llable for corporate acts. ? The president and vice presidents choose the board of directors. It has many of the same rights as an indlvidual. ? Stockholders are expected to hire and fire key executlves. ? Stockholders do not have the power to bind the corporation to contracts. ? Owners are personally llable for corporate debts

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