All of the following are true except

A) the last to be paid off,whether the corporation does well or goes bankrupt,are the common stockholders.
B) a key disadvantage of incorporating is limited liability.
C) corporations collect about 90 percent of all business receipts.
D) corporations are controlled by the common stockholders.

Incorporating

The process of legally declaring a business as a corporation, enabling the owners to separate their personal assets from the business assets.

Liability

A financial obligation or debt that an individual or company owes, which must eventually be settled or paid off.

Common Stockholders

Individuals or entities that own the common shares of a company, granting them rights to vote on corporate matters and receive dividends.