Equity securities in which the investor owns less than 20% ownership in the voting stock of the investee generally can be classified as equity investments. a. significant influence b. controlling interest c. held-to-maturity d. no significant influence

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)