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Brown,CPA,was Using Monetary Unit Sampling to Audit an Inventory of $3,000,000

Question 102

Multiple Choice

Brown,CPA,was using monetary unit sampling to audit an inventory of $3,000,000 that was comprised of 6,000 items.A sample size of 500 was determined and a tolerable misstatement of $20,000 was established.The sampling interval would be:


A) $500.
B) $5,000.
C) $6,000.
D) $20,000.

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