A company has a total accounts receivable balance of $2,500,000 as of the end of the current
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A company has a total accounts receivable balance of $2,500,000 as of the end of the current accounting period. The company's auditor selects a sample of 100 accounts receivable and finds a total misstatement of $10,000. Assuming that the sample is representative of the entire population of accounts receivable, what is the estimated total misstatement in the accounts receivable balance? Use a 10% risk of incorrect acceptance and a 5% risk of incorrect rejection.
Related Book For
Auditing and Assurance Services A Systematic Approach
ISBN: 978-1259162343
9th edition
Authors: William Messier, Steven Glover, Douglas Prawitt
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