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 ratio estimation technique,the 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
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