Identify which of the following statements are true for the corporate form of organization. 1. Ownership rights cannot be easily transferred.2. Owners have unlimited liability for corporate debts.3. Capital is more easily accumulated than with most other forms of organization.4. Corporate income that is distributed to shareholders is usually taxed twice.5. It is a separate legal entity.6. It has a limited life.7. Owners are not agents of the corporation.

1.Owners are not agents of the corporation- True Managers and directors are the agents of the owners of the corporation. What owners do is not always on behalf of the corporation.

2. It is a separate legal entity.- True Corporate enjoy separate existence. Their assets and liabilities are different from that of their owners.

3. It has a limited life.- False Corporations have unlimite life. They continue to function even after the death of their owners.

4. Capital is more easily accumulated than with most other forms of organization.- True If a corporation needs capital, it cal raise money by issuing shares in the open market. People invest if the prospects are good and the company can gather more funds whenever required. It is also easier for a corporation to acquire loans.

5. Corporate income that is distributed to shareholders is usually taxed twice- True First the Income of the company is taxed which in a way..

it should be