* Document in Interpreting results and drawing conclusions 20201120 (1) - Excel X e Window AutoSave O Off) A Q - GA Search Home Insert Design Layout References Mailings Review View Help Share Comments A B C D E F G H J K L M N O P Q R S T U - 2 A W N - Your client has introduced a significant upgrade of its products and has asked you to perform an obsolescence review of a parts inventory. You select a monetary unit sample. The sample disclosed items for which write-downs to lower of cost or market is appropriate. The estimated (projected) write-down is $320,000. The 90% two-sided confidence interval on that estimate is: lower confidence limit [LCL], $100,000; upper confidence limit [UCLL $650,000. 10 The maximum tolerable misstatement is $400,000 and the planned confidence level is 95% (2-sided). a. Present the results graphically, with numbers. b. Describe those results in words [i.e., verbally]. 13 C. Present another graph giving the permissible range for an adjusting journal entry [AJE], with numbers. d. Give an acceptable AJE [DR and CR] in good accounting form. 15 16 19 20 21 22 a. 23 24 25 26 Read Me 1 2 + + 100% OF gunBee P 3:03 PM Type here to search X 11/24/2020