Explain the difference between an S corporation and a C corporation. Question content area bottom Part 1 (Select all the choices that apply.) A. C corporations must pay corporate income taxes; S corporations do not pay corporate taxes but must pass through the income to shareholders to whom it is taxable. B. C corporations are limited to 100 shareholders and cannot have corporate or foreign stockholders. C. S corporations are limited to 100 shareholders and cannot have corporate or foreign stockholders. D. S corporations must pay corporate income taxes; C corporations do not pay corporate taxes but must pass through the income to shareholders to whom it is taxable