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You select the following sample of acquisitions of property, plant, and equipment. What can you conclude about the acquisitions of property, plant, and equipment from
You select the following sample of acquisitions of property, plant, and equipment. What can you conclude about the acquisitions of property, plant, and equipment from this evidence? Tolerable misstatement for property, plant, and equipment is $1 million. Stratum Book Value of Population Size of Stratum Size of Sample Book Value of Sample Audited Value of Sample 1 > $750,000 $2,678,016 4 4 $2,678,016 $3,143,213 2 $250,000 ? $750,000 2,343,151 6 3 1,231,576 1,231,576 3 < $250,000 2,447,643 27 10 932,534 932,534 $7,468,810 $4,842,126 $5,307,323
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