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The 1,000 accounts receivable of Gamco Company have a total book value of $20,000. Wilbur Schneltz, Certified Public Accountant (CPA), has selected and audited
The 1,000 accounts receivable of Gamco Company have a total book value of $20,000. Wilbur Schneltz, Certified Public Accountant (CPA), has selected and audited a sample of 50 accounts with a total book value of $900. Using nonstatistical variables sampling and the difference estimation technique, Smith has properly estimated a projected misstatement of an overstatement of $3,000 for the entire population. The total audited value of Schneltz's sample is: Multiple Choice $900 $750 $1,000 $650
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