Multiple Choice
Which of the following is the correct ratio to use in calculating the dollar value of the population if the auditor is using ratio estimation? Number of Items Audited Value Carrying Amount Sample 300 $500,000 $480,000 Population 3,000 $5,000,000
A) 0.10
B) 0.96
C) 1.04
D) 10.00
Correct Answer:
Verified
Correct Answer:
Verified
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