Which of the following statements would not be a reason Ford Motor Company uses the corporate form of business?
A) Unlimited life
B) Limited liability
C) Access to capital
D) Business income is taxed once, at the individual owner's level

Question

Quizplus · Accepted Answer

Ford Motor Company, being a corporation, is subject to double taxation where the company's income is taxed at the corporate level first and then dividends distributed to shareholders are taxed again at the individual level. This contrasts with sole proprietorships or partnerships where business income is taxed once at the individual owner's level.

Which of the Following Statements Would Not Be a Reason