The Formula for Nonstatistical Sampling for Tests of Account Balances

question 33

Multiple Choice

The formula for nonstatistical sampling for tests of account balances provided by the AICPA

• A) Must be used for nonstatistical sampling.
• B) Includes a provision for the risk of incorrect acceptance.
• C) Is affected by the nature of other substantive procedures used to test the account balance.
• D) Is largely based on the variation of items in the account.

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Definitions:

Ulva

A genus of green algae, commonly known as sea lettuce, found in marine and brackish water environments.

Nori

A type of edible seaweed often used in Japanese cuisine, especially for wrapping sushi.

Red Algae

A group of primarily aquatic photosynthetic organisms known for their reddish pigments, which allow them to live at greater depths than many other photosynthetic species.

Green Algae

A diverse group of photosynthetic organisms found in various aquatic environments, considered important precursors to land plants and characterized by green chlorophyll pigments.