1. Which of the following are true statements about the corporation form of an organization:
owned by stockholders
provides unlimited liability.
requires a partnership agreement among all of the partners
subjects owners to double taxation
2. Which of the following are true statements about the partnership form of an organization:
avoids the double taxation of earnings and dividends
carries unlimited liability to the owners
taxes profits at the individual tax rates of the owners.
simplifies decision making more than any other form of organization