Using Statistical Sampling to Assist in Verifying the Year-End Accounts

question 111

Multiple Choice

Using statistical sampling to assist in verifying the year-end accounts payable balance, an auditor has accumulated the following data:

Projecting the misstatement to the population, the auditor's estimate of year-end accounts payable balance would be:

• A) $5,050,000.
• B) $5,125,000.
• C) $6,000,000.
• D) $6,150,000.