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Population
- \quad Size =10,000= 10,000 Items
- Book Value =$8,000,000= \$ 8,000,000

Question 69

Multiple Choice


Population
- \quad Size =10,000= 10,000 items
- Book value =$8,000,000= \$ 8,000,000
- Tolerable misstatement =$300,000= \$ 300,000
Sample
- \quad Size =100= 100 items.
- Average book value of sample items =$795= \$ 795
- Allowance for sampling risk =$220,000= \$ 220,000
- Projected misstatement =$100,000= \$ 100,000 overstatement
-The estimated total audited value of the population equals:


A) $7,680,000.
B) $7,780,000.
C) $7,900,000.
D) $7,950,000.

Correct Answer:

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