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

question 61

Multiple Choice

The 4,000 accounts receivable of GHI 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 $1,600.Using the mean-per-unit estimation technique,Smith has properly estimated a projected misstatement of a $8,000 overstatement for the entire population.The audited value of Smith's sample is:

• A)$1,300
• B)$1,400
• C)$1,600
• D)$1,800

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Definitions:

Withdrawal Reflex

A rapid, automatic response to a painful stimulus that involves the immediate retraction of the body part encountering the pain to avoid damage or injury.

Sensory Receptor

The ending of an afferent neuron that is specialized to detect specific energy stimuli in its environment.

Sensory Neuron

A nerve cell that is directly involved in receiving and transmitting information from sensory stimuli to the central nervous system.

Synaptic Plasticity

The ability of synapses to change in response to certain types of stimuli. Synaptic changes occur during learning and memory storage.