On which form or forms would the owner-employee of a C corporation receive notice of taxable income?

I. Form 1099-DIV.

II. Form W-2.

III. Schedule C.

IV. Schedule K-1.

A. I.

B. I, II.

C. III.

D. III, IV.

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TABLE 22-1 ADVANTAGES AND DISADVANTAGES OF A SOLE PROPRIETORSHIP ADVANTAGES OF A SOLE PROPRIETORSHIP No legal formalities DISADVANTAGES OF SOLE PROPRIETORSHIP Unlimited liability for business activities Availability of pension plans (Keogh, Solo K, SEP) No business continuity; the business dies with Conduit taxation of income or losses to owner; no additional tax return required, files Schedule C with Form 1040 the owner Capital structure depends on resources of the business owner