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Using Statistical Sampling to Assist in Verifying the Year-End Accounts

Question 37

Multiple Choice

Using statistical sampling to assist in verifying the year-end accounts payable balance, an auditor has accumulated the following data: Using statistical sampling to assist in verifying the year-end accounts payable balance, an auditor has accumulated the following data: Projecting the misstatement to the population, the auditor's estimate of year-end accounts payable balance would be: A) $5,050,000. B) $5,125,000. C) $6,000,000. D) $6,150,000.
Projecting the misstatement to the population, the auditor's estimate of year-end accounts payable balance would be:


A) $5,050,000.
B) $5,125,000.
C) $6,000,000.
D) $6,150,000.

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