If a Customer's Account Was Recorded at $45,000,the Audited Value

question 9

Multiple Choice

If a customer's account was recorded at $45,000,the audited value was $30,000,and the sampling interval was $30,000,the projected misstatement would be:

• A)$10,000.
• B)$15,000.
• C)$20,000.
• D)$30,000.

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Definitions:

Control

The capacity to steer or impact how people act or the direction of happenings.

Standard Deviations

A statistical measure that quantifies the amount of variation or dispersion of a set of data points relative to its mean.

Normal Curve

A bell-shaped curve that represents the distribution of many types of data where most values cluster around a central region.

Correlations

A measure that indicates the extent to which two or more variables fluctuate together.