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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Definitions:

Urban

Pertains to cities or towns, often characterized by higher population density and vast human features in contrast to areas outside of cities.

Southern Slaveholders

were individuals or families in the Southern United States who owned slaves, particularly before the Civil War and the abolition of slavery.

Paternalistic Ethos

An attitude or approach characterized by a superior figure, typically in a leadership role, dictating what is supposedly best for those under their authority, often justified by a belief in their inherent superiority or benevolence.

Cruel Master

A term denoting an individual who exercises harsh and inhumane control over others, typically in contexts of slavery or servitude.