Teal Corporation Has 2,000 Accounts Receivable,with a Total Book Value

question 47

Essay

Teal Corporation has 2,000 accounts receivable,with a total book value of $200,000.Ricardo Ramaro,CPA,has selected and audited a sample of 100 of the accounts with a combined book value of $10,100; the total of their audited values was $11,000.Using the mean-per-unit method,calculate the:
a.Accounts receivable estimated audited value.
b.Projected misstatement.

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