Using Statistical Sampling to Assist in Verifying the Year-End Accounts

question 11

Multiple Choice

Using statistical sampling to assist in verifying the year-end accounts payable balance, an auditor has accumulated the following data:
Using the ratio estimation technique, the auditor's estimate of the year-end accounts payable balance would be:

• A) $2 000 000.
• B) $2 025 000.
• C) $2 200 000.
• D) $2 250 000.

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Definitions:

Anti-immigrant

Opposition to immigration, often characterized by policies or social attitudes that discourage the arrival or integration of foreigners.

Ku Klux Klan

The Ku Klux Klan is a white supremacist group that was originally founded in the aftermath of the American Civil War, known for its use of terrorism, violence, and intimidation to oppose civil rights for African Americans and other minority groups.

Members

Individuals who are part of a group, organization, club, or other collective body, sharing common interests or goals.

Brotherhood

A relationship between individuals united by common interests, beliefs, or experiences, often used to describe fraternal or solidarity groups.