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Question 46 of 75. If a business wishes to change accounting methods after establishing an accounting method in the year of formation, _must be filed for IRS approval. Form 1120-S Form 3115 Form 1065 Form 1120 Mark for follow up Question 47 of 75. Which of the following is NOT an advantage of a C corporation? It is easier to raise capital by selling stocks. Shareholders are only liable up to the amount of their investments. Shareholders acquire ownership through their investment. The corporation only pays taxes on dividends and distributions. Mark for follow up