The Finite Correction Factor Is Recommended in Classical Variable Sampling

question 54

True/False

The finite correction factor is recommended in classical variable sampling whenever the auditor samples without replacement.

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Definitions:

Cash Dividend

A payment made by a company out of its profits to shareholders in the form of cash.

Financing Activities

Activities that result in changes in the size and composition of the equity and/or borrowings of a company.

Cash Dividend

A payment made by a corporation to its shareholders, usually as a distribution of profits.

Net Cash

The balance of cash remaining once cash inflows and outflows have been reconciled.