An Auditor Used Sampling That Has the Statistical Simplicity of Attribute

question 35

Multiple Choice

An auditor used sampling that has the statistical simplicity of attribute sampling yet provides a statistical result expressed in dollars.The auditor is using what type of sampling?

• A)attribute sampling
• B)discovery sampling
• C)monetary unit sampling
• D)variable estimation sampling

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Definitions:

Statement of Cash Flows

A financial document that provides detailed information about a company's cash inflows and outflows over a specific period.

Direct Method

A approach used in cash flow statement preparation that lists all major operating cash receipts and payments for the period, directly showing sources and uses of cash.

Investing Activities

Transactions involving the acquisition or disposal of long-term assets and investments, as part of a company's cash flow statement.

Income from Operations

the profit generated from a company’s core business operations, excluding income from investments, taxes, and extraordinary items.