Indicate whether each of the following statements is true or false.
1. the corporation is an entity separate and distinct from its owners.
2. the liability of stockholders is normally limited to their investment in the corporation.
3. the relatively low amount of government regulation of corporations is an advantage of the corporate form of business.
4. there is no journal entry to record the authorization of capital stock.
5. no-par value stock is quite rare today.

Which of the following businesses is most likely to disrupt an existing industry? a. closer connex developed an earphone that receives emails and text messages and converts them to voice messages. the first models had poor reception, but they rapidly improved over time. b. mega technologies reconfigured the components used in its touchscreen tablets to create a new type of wearable device for use in restaurants and other service industries. c. particle inc. developed a teleportation technology that can transport physical materials instantaneously across great distances. d. altrea added advanced camera technology to its premium line of smartphones so that they would take the highest-quality photos of all phones on the market.