Assume a total book value of 230000 for the 100 accounts, Ask an Expert

Accounting

1. Regardless of your answer to part a, assume you decide to select a sample of 100 accounts for testing. Indicate how you will select the accounts for testing using systematic selection.

2. Assume a total book value of $230,000 for the 100 accounts selected for testing. You uncover three overstatements totaling $1,500 in the sample. Evaluate whether the population is fairly stated.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9415053

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