Put the following into Chinese. A corporation must provide each shareholder with an annual report. In a closed corporation, the few reports circulated usually won ’t get into the hands of non-owners. But when a large number of reports are issued, the reports become public knowledge. These reports present data on sales volume, profit, total assets, and other financial matters. Public disclosure of such data enables other outsiders to see the corporation’s financial condition. 2. Unlike the sole proprietorship and the partnership, the liability of a corporation is limited to the value of the assets of the company. The personal wealth of the stockholders cannot be used to pay debts in case of bankruptcy. Corporations do not operate like other forms of business because the ownership can be easily transferred through stock sales.