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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.) It has an unlimited life. Stockholders do not have the power to bind the corporation to contracts. It has a continuous Ife. Transfer of ownership rights among owners generally does not impact equity. Compared to other forms of organization-capital (financing) is more difficult to accumulate. It is not a separate legal entity from its owners. Owners are liable for debt and the acts of the corporation

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