Question
The test above does not take into consideration that the number of stores changes each year. Modify the above test to account for this
The test above does not take into consideration that the number of stores changes each year. Modify the above test to account for this factor using data provided in Exhibit 1 of the Excel file. Do the calculation/comparison within Excel, but then copy and paste the relevant numbers here along with your conclusion of the likelihood of a material misstatement in total sales revenue (low, moderate, or high). (3 points)
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Get StartedRecommended Textbook for
Intermediate Accounting
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
1st edition
978-0133251579, 133251578, 013216230X, 978-0134102313, 134102312, 978-0132162302
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