The 3,000 Accounts Receivable of DEF Company Have a Total

Multiple Choice

The 3,000 accounts receivable of DEF Company have a total book value of $60,000.Bob Smith,CPA,has selected and audited a sample of 100 accounts with a total book value of $2,100.Using the difference estimation technique,Smith has properly estimated a projected misstatement of a $9,000 overstatement for the entire population.The estimated total audited value of the population is:

A) $51,000
B) $58,000
C) $60,000
D) $69,000