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:

Beliefs

The conviction or acceptance that something exists or is true, especially one without proof.

Feelings

Subjective experiences of emotions, typically described through words such as happy, sad, angry, or afraid.

Personal Dispositions

Inherent personality traits and tendencies that influence behavior and perspectives.

Role Playing

A method involving acting out or performing a particular role, either as a training exercise, in therapy, or in gaming contexts, to develop skills or understand perspectives.