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

question 12

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) $6 000 000.
• B) $6 150 000.
• C) $5 050 000.
• D) $5 125 000.

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Definitions:

Single-System Involvement

A condition or disease affecting only one organ or system in the body, as opposed to multiple-system involvement.

Body Alignment

The optimal placement of body parts so that the bones and joints are in correct anatomical position, minimizing stress and strain on the musculoskeletal system.

Centre of Gravity

The point in a body or system around which its mass or weight is evenly distributed or balanced.

Base of Support

The area beneath an object or person that includes every point of contact that the object or person makes with the supporting surface, essential for stability.