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What is the sample size in the below situation? Please round off to the nearest (whole) number. Tolerable Misstatement: $150,000 Expected misstatement: $50,000 Details on
What is the sample size in the below situation? Please round off to the nearest (whole) number.
Tolerable Misstatement: $150,000
Expected misstatement: $50,000
Details on accounts receivables are given in the table below. All balances greater than $50,000 will be audited (not sampled). The remaining transactions will be sampled
Confidence level desired is 85%
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A) 183
B)132
C)146
D)162
\begin{tabular}{lc} Number and Size of Accounts & Book Value of Stratum \\ \hline 10 accounts >$50,000 & $150,000 \\ 440 accounts >$5,000 & 3,000,000 \\ 1,050 accountsStep by Step Solution
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