Using statistical sampling to assist in verifying the year end accounts payable balance, an auditor has accumulated the following data Using the ratio estimation technique, the auditors estimate of year end accounts payable balance would be a $6,150,000 b $6,000,000 c $5,125,000 d $5,050,000 Number...

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

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

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Using the ratio estimation technique, the auditor’s estimate of year-end accounts payable balance would be

a. $6,150,000

b. $6,000,000

c. $5,125,000

d. $5,050,000

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Auditing Concepts For A Changing Environment With IDEA Software

ISBN: 9780324180237

4th Edition

Authors: Larry E. Rittenberg, Bradley J. Schwieger

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Question Posted: May 07, 2024 08:26 AM

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

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Number of Accounts Book Population 4,100 Sample 200 Balance $5,000,000 $250,000 Balance Determined by the Auditor P $300,000

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Auditing Concepts For A Changing Environment With IDEA Software

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