Multiple Choice
The 4,000 accounts receivable of Miller Company have a total book value of $150,000.A CPA has selected and audited a sample of 100 accounts with a total book value of $3,700 and an audited value of $3,800.
-Using the difference estimation technique,estimated total audited value of the population is:
A) $150,000.
B) $152,000.
C) $154,000.
D) $154,054.
Correct Answer:
Verified
Correct Answer:
Verified
Q63: Increases in the tolerable misstatement result in
Q64: Which of the following is an advantage
Q65: The tolerable deviation rate in sampling for
Q66: The 2,000 accounts receivable of ABC Company
Q67: The auditors expect a population deviation rate
Q69: <br>Population<br>- <span class="ql-formula" data-value="\quad"><span class="katex"><span
Q70: Auditors have a variety of sampling approaches
Q71: The 4,000 accounts receivable of Miller Company
Q72: The 4,000 accounts receivable of Miller Company
Q73: An important statistic to consider when using