The 3,000 Accounts Receivable of DEF Company Have a Total

question 45

Multiple Choice

The 3,000 accounts receivable of DEF Company have a total book value of $60,000.Bob Smith,CPA,has selected and audited a sample of 100 accounts with a total book value of $2,100.Using the difference estimation technique,Smith has properly estimated a projected misstatement of an overstatement of $6,000 for the entire population.The audited value of Smith's sample is:

• A)$1,700
• B)$1,800
• C)$1,900
• D)$2,300

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