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The 1,000 accounts receivable of Baker Company have a total book value of $60,000 (average book value = $60). Wendy Duffo, Certified Public Accountant (CPA),
The 1,000 accounts receivable of Baker Company have a total book value of $60,000 (average book value = $60). Wendy Duffo, Certified Public Accountant (CPA), has selected and audited a sample of 50 accounts with the following mean values: 1. Book value of $58.00 2. Audited value of $59.00. What is the estimated total audited value using ratio estimation sampling? Group of answer choices $59,207. $58,000. $61,034. $61,000
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