An important distinction between corporate and unincorporated businesses is that

Group of answer choices

a. Income earned by corporations may be subject to double taxation; income of unincorporated businesses is taxed only once.

b. Corporation owners have unlimited liability; unincorporated businesses are limited in their liability.

c. Corporations have a limited life; unincorporated businesses have an unlimited life.

d. Corporations are able to borrow money; unincorporated businesses must be finance from internal sources.

e. It is impossible for the income of unincorporated businesses to be taxed at a higher rate than the income of corporations.