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Green CPA audited the inventory of ABC Company on a sample basis. Green audited a sample of 120 items and found a net overstatement of
Green CPA audited the inventory of ABC Company on a sample basis. Green audited a sample of 120 items and found a net overstatement of $600. The audited sample had a recorded value of $12,000. The entire inventory contained 2,400 items with a total book value of $280,000. The projected likely overstatement using the ratio method is $14,000 $12,000 $48,000 $56,000 Step by Step Solution
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Don T Be Afraid Of Accounting Learn The Basics Of Financial Accounting And Be On Your Way To Greater Success
Authors: Brad Horton
1st Edition
1708221611, 978-1708221614
