Which of the following statements regarding fraud on behalf of an organization is true? a. middle management is usually the perpetrator. b. this type of fraud benefits top executives as it generally increases stock price. c. this type of fraud includes deflating expenses in order to save on corporate income taxes. d. financial statement fraud is common among publicly traded companies that are experiencing windfall profits.

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.)