An Important Distinction Between Corporate and Unincorporated Businesses Is That

Multiple Choice

An important distinction between corporate and unincorporated businesses is that

A) corporations have unlimited life, while unincorporated businesses are limited to the life spans of their owners.
B) income earned by corporations is not subject to the double taxation of unincorporated businesses.
C) corporations are subject to reorganization when major stockholders withdraw.
D) corporations have more trouble raising large sums of money than unincorporated businesses.
E) corporations issue common stock, while unincorporated businesses issue preferred stock.