Question
The following are the differences between recorded and audited amounts for ABC Inc.. What is the amount of each misstatement and the percentage differences? Fill
The following are the differences between recorded and audited amounts for ABC Inc.. What is the amount of each misstatement and the percentage differences? Fill in the blanks.
Item | Recorded Amount | Audited Amount | Misstatement | % (3 decimal places) |
1 | 637.00 | 673.00 | ？ | ？ |
2 | 591.00 | 590.00 | ？ | ？ |
3 | 850.00 | 875.00 | ？ | ？ |
4 | 1200.00 | 1020.00 | ？ | ？ |
5 | 745.00 | 547.00 | ？ | ？ |
Step by Step Solution
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Step: 1
Item Recorded Amount Audited Amount Misstatement 3 decimal places 1 63700 67300 36 5349 2 59...
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Auditing and Assurance services an integrated approach
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan
16th edition
978-0134075754, 134075757, 134065824, 978-0134065823
