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The 4,000 Accounts Receivable of GHI Company Have a Total

question 61

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The 4,000 accounts receivable of GHI Company have a total book value of $60,000.Bob Smith,CPA,has selected and audited a sample of 100 accounts with a total book value of $1,600.Using the mean-per-unit estimation technique,Smith has properly estimated a projected misstatement of a $8,000 overstatement for the entire population.The audited value of Smith's sample is:

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Definitions:

Intrinsically Satisfying

An activity or outcome that is rewarding or fulfilling in itself, not because of any external reward it might bring.

Strategic Connection

A purposeful relationship or partnership formed to achieve mutual benefits and align with strategic goals.

Controversial

Referring to something that is likely to give rise to public disagreement or debate.

Find Purpose

The process of discovering a meaningful direction in personal or organizational activities that contributes to broader societal or communal goals.

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