An Important Distinction Between Corporate and Unincorporated Businesses Is That

question 70

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.

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