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.) Generally there is no double taxation on corporate income that is distributed to owners. unanswered Stockholders do not have the power to bind the corporation to contracts. unanswered Shareholders are not personally liable for corporate acts. unanswered Directors oversee its business affairs. unanswered Owners are personally liable for corporate debts. unanswered The sale of shares from one stockholder to another does not impact operations. An exception is when it changes the makeup of directors. unanswered Stockholders are expected to hire and fire key executives.