Which of the Following Statements Concerning the Differences in Operating

Which of the following statements concerning the differences in operating a business as a partnership or as an S corporation is true?

A) The S corporation form offers greater flexibility in allocating the income or loss among the owners.
B) The owners of an S corporation have unlimited personal liability for the debts of the business.
C) The owners of a general partnership have unlimited personal liability for the debts of the business.
D) All of the above are true statements.