Business, 14.04.2020 22:28 Manuel2019

The 4,000 accounts receivable of Miller Company have a total book value of $150,000. A CPA has selected and audited a sample of 100 accounts with a total book value of $3,700 and an audited value of $3,800. Using the difference estimation technique, estimated total audited value of the population is:

a. $150,000.
b. $152,000.
c. $154,000.
d. $154,054.

Answers: 1

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The 4,000 accounts receivable of Miller Company have a total book value of $150,000. A CPA has selec...