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Required information [The following information applies to the questions displayed below.) Population .Size = 10,000 items Book value = $8,000,000 . Tolerable misstatment = $300,000

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Required information [The following information applies to the questions displayed below.) Population .Size = 10,000 items Book value = $8,000,000 . Tolerable misstatment = $300,000 Sample Size = 100 items. Average book value of sample items = $795 Allowance for sampling risk = $220,000 Projected misstatement = $100,000 overstatement The "high" end of the confidence interval around the projected misstatement is equal to an overstatement of: Multiple Choice The "high" end of the confidence interval around the projected misstatement is equal to an overstatement of Multiple Choice o $620,000. o $320,000. o $300,000. o $120,000

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