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 advantage of incorporating is limited liability.
C) corporations account for about 50 percent of all business sales in the United States.
D) corporations are controlled by the common stockholders.

This statement is false. According to the latest data available from the U.S. Census Bureau, corporations account for about 81.2 percent of all business sales in the United States, not 50 percent. The other statements are true. The common stockholders are usually the last to be paid off in case of bankruptcy, incorporating does provide limited liability, and the common stockholders technically control the corporation through voting rights.