Question
Should any errors be extrapolated over the entire population given that the only identified error relates to Confirmation 3? You send a total of 3
Should any errors be extrapolated over the entire population given that the only identified error relates to Confirmation 3?
You send a total of 3 1 confirmations: 30 confirmations as determined by the samplingtable and 1 that was judgmentally selected because it was greater than performancemateriality.A selection of the confirmation results for Fuel Pro is shown below.AmountConfirmationRecordedConfirmed byEvaluation ofNumberCustomer NameBalanceCustomerResultsRepresentative$5.000ConfirmationCorporationreply not receivedfrom customerIllustration LLC$8.000$8,000Selection$10,000$9 800Partnership4Specimen Inc. (a$2,000,000$2,000.000related party) Step by Step Solution
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
6th Canadian edition
1118644948, 978-1118805084, 1118805089, 978-1118644942
