Using statistical sampling to assist in verifying the year-end accounts payable balance, an auditor has accumulated the following data: Projecting the misstatement to the population, the auditor's estimate of year-end accounts payable balance would be
A) $5,050,000.
B) $5,125,000.
C) $6,000,000.
D) $6,150,000.

Question

Using statistical sampling to assist in verifying the year-end accounts payable balance, an auditor has accumulated the following data:  Projecting the misstatement to the population, the auditor's estimate of year-end accounts payable balance would be
A) $5,050,000. 
B) $5,125,000. 
C) $6,000,000. 
D) $6,150,000.

Quizplus · Accepted Answer

The Answer of Using statistical sampling to assist in verifying the year-end accounts payable balance, an auditor has accumulated the following data:  Projecting the misstatement to the population, the auditor's estimate of year-end accounts payable balance would be
A) $5,050,000. 
B) $5,125,000. 
C) $6,000,000. 
D) $6,150,000.

Using Statistical Sampling to Assist in Verifying the Year-End Accounts