The 1000 Accounts Receivable of Winco Company Have a Total

question 76

Multiple Choice

The 1000 accounts receivable of Winco Company have a total book value of $20,000 (Average book value = $20) .Bob Duffo,CPA,has selected and audited a sample of 50 accounts with the following mean values:
1) Book value of $19.
2) Audited value of $19.60.
What is the estimated total audited value using difference estimation sampling?

• A)$19,387.
• B)$19,400.
• C)$19,600.
• D)$20,600.

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