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James Duffney, CPA, has randomly selected and audited a sample of 100 of Will-Mart's accounts receivable. Will-Mart has 6,030 accounts receivable accounts with a
James Duffney, CPA, has randomly selected and audited a sample of 100 of Will-Mart's accounts receivable. Will-Mart has 6,030 accounts receivable accounts with a total book value of $6,000,000. Duffney has determined that the account's tolerable misstatement is $500,000. His sample results are as follows: Average audited value $984 Average book value 992 Required: Calculate the accounts receivable estimated audited value and projected misstatement using the: a. Mean-per-unit method. b. Ratio method. c. Difference method. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the accounts receivable estimated audited value and projected misstatement using the mean-per-unit method. Estimated audited Projected misstatement overstatement < Required A Required B >
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