1. Indicate by letter whether each statement below applies to a sole proprietorship (S), partnership (P), or corporation (C). You may use more than one business organization for an answer. a. Separate economic unit b. Income is not subject to business tax income c. Separate legal entity d. Unlimited liability of owner(s) e. Separation of ownership and control f. Transfer of ownership does not affect the continuity of business. g. Ownership evidenced by stock certificates