Solved

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

Question 39

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.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions