In a Probability-Proportional-To-Size Sample with a Sampling Interval of $10,000,an

question 21

Multiple Choice

In a probability-proportional-to-size sample with a sampling interval of $10,000,an auditor discovered that a selected account with a book value of $6,000 had an audited value of $4,000.The projected misstatement is:

• A)$2,000.
• B)$3,333.
• C)$6,000.
• D)$10,000.

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Definitions:

Need

A basic requirement or necessity for survival or achieving a particular outcome.

Want

An expressed desire or wish for something that is not necessary for survival but may enhance the quality of life or provide satisfaction in some way.

Place

In marketing, refers to the distribution aspect and making the product available to the customer at the right location.

Inventory

The total amount of goods and materials held in stock by a business, warehouse, or store.