The 4,000 Accounts Receivable of Miller Company Have a Total

question 72

Multiple Choice

The 4,000 accounts receivable of Miller Company have a total book value of $150,000.A CPA has selected and audited a sample of 100 accounts with a total book value of $3,700 and an audited value of $3,800.
-Using the ratio estimation technique,the estimated total audited value of the population is:

• A)$150,000.
• B)$152,000.
• C)$154,000.
• D)$154,054.

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