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k. The auditors have sampled 75 accounts from a population of 500 accounts receivable. The sample items have a mean book value of $199
k. The auditors have sampled 75 accounts from a population of 500 accounts receivable. The sample items have a mean book value of $199 and a mean audited value of $203. The book value in the population is $98,000. What is the estimated audited value of the population using the mean-per-unit method? Multiple Choice $98,000 $99,500 $100,000 $101.500
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Understanding Financial Accounting
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
1st Canadian Edition
1118849388, 9781119048572, 978-1118849385
