Identify if the statement is True or False When a corporation pays a dividend, the dividends are only taxed once: at the shareholder level IChoose l Creditors of a corporation do not have a legal claim on the personal assets of the stockholders if the corporation goes bankrupt. [Choose ] If a stockholder wishes to sell their stock in a corporation, they must obtain corporate approval to do so. [Choose ] An individual person has many more rights Choosel than a corporation does. It is very difficult for corporations to obtain cash through the sale of stock. [Choose ] The death of a stockholder has no affect on the daily operations of the corporation. A drawback of being a corporation is thatI Choose they are required to follow Federal, State and SEC laws. Stockholders of a corporation do not have a IChoose direct say in how the corporation is managed Stockholders elect the officers of the corporation who in turn, select the board of directors IChoose l It is very difficult for invidudal stockholders to sell their stock if they wish to do so [Choose ]