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: Projecting the misstatement to the population,the auditor's estimate of year-end accounts payable balance would be:

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

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