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Management Estimates the Company's Allowance for Doubtful Accounts as $200,000

Question 52

Multiple Choice

Management estimates the company's allowance for doubtful accounts as $200,000, and the auditors develop an estimate that suggests that the amount should be between $230,000 and $250,000. The known misstatement in this situation is:


A) $0.
B) $30,000.
C) $40,000.
D) $50,000.

Correct Answer:

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