Roster co. adjusts its allowance for doubtful accounts at year end. the general ledger balances for the accounts receivable and the related allowance account before adjustment were $1,500,000 and $45,000, respectively. roaster uses the percentage-of-receivable method to estimate its allowance for doubtful accounts. accounts receivable were estimated to be 4% uncollectible. what amount should roaster record as an adjustment to its allowance for doubtful accounts at year end?

The stock of grommet corporation, a u.s. company, is publicly traded, with no single shareholder owning more than 5 percent of its outstanding stock. grommet owns 95 percent of the outstanding stock of staple inc., also a u.s. company. staple owns 100 percent of the outstanding stock of clip corporation, a canadian company. grommet and clip each own 50 percent of the outstanding stock of fastener inc., a u.s. company. grommet and staple each own 50 percent of the outstanding stock of binder corporation, a u.s. company. which of these corporations form an affiliated group eligible to file a consolidated tax return?