Jones,CPA,used a Classical Variables Sampling Application to Examine the Inventory

Multiple Choice

Jones,CPA,used a classical variables sampling application to examine the inventory balance of XYZ Company.The recorded balance of the inventory was $240,000,and Jones determined a tolerable misstatement of $12,000.Jones' sampling procedures resulted in a precision interval of $224,000 to $236,000.As a result,Jones should conclude that the

A) Inventory balance is fairly stated.
B) Inventory balance is materially misstated.
C) Tolerable misstatement should be increased.
D) Risk of incorrect acceptance is below the desired level.