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please help me solve the revenue amount G.36 Testing the Client's Estimates with Underlying Data Assume that performance materiality has been set at $130,000 for
please help me solve the revenue amount
G.36 Testing the Client's Estimates with Underlying Data Assume that performance materiality has been set at $130,000 for the purpose of this analytical procedure. Prepare and appropriately document an analytical procedure testing the reported sales revenue of $26,726,864 and answer the following questions: Assume that performance materiality has been set at $130,000 for the purpose of this analytical procedure. Prepare and appropriately document an analytical procedure testing the reported sales revenue of $26,726,864 and answer the following questions Required: a. What is your best estimate of 2018 football ticket revenue using the client's average ticket sales and prices provided in the case? Do not use the actual data for this calculation. Answer is complete but not entirely correct. b. Based on the performanc materiality set, does 2018 Football Ticket Revenue appear to be fairly stated? Yes No Step by Step Solution
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