An Auditor Is Confirming a Population of Accounts Receivable for Monetary

Multiple Choice

An auditor is confirming a population of accounts receivable for monetary correctness. The population totals $2,000,000 and a sample of 200 confirmations is obtained. Upon audit, no misstatements are uncovered in the sample. Assuming an ARIA of 10%, the confidence factor would be 2.31. Applied to a sampling interval of $10,000, the upper misstatement bound is calculated as

A) $462.
B) $4,329.
C) $23,100.
D) $865,801.