One disadvantage of a particular form of business operation was double taxation. This disadvantage occurred in what situations?

Select one: A. Shareholders and bondholders both must pay taxes.

B. Creditors pay taxes on interest received. The corporation pays taxes on earnings.

C. Shareholders pay taxes on dividends after the corporation pays taxes on its earnings.

D. The corporation pays taxes on revenues and expenses.

E. The corporation pays corporate tax on its corporate earnings, and owners pay tax on these earnings on their personal tax return.