indicate whether each of the following statements is true false 618609

Indicate whether each of the following statements is true or false.

1. Similar to partners in a partnership, stockholders of a corporation have unlimited liability.
2. It is relatively easy for a corporation to obtain capital through the issuance of stock.
3. The separation of ownership and management is an advantage of the corporate form of business.
4. The journal entry to record the authorization of capital stock includes a credit to the appropriate capital stock account.

5.All states require a par value per share for capital stock.