The auditor is testing Accounts Receivable, which has a book value of $5,900,000. The tolerable misstatement is $200,000. The auditor made a random sample of 200 accounts representing $600,000 of the book value. There were errors in 52 of the samples. The audited value of the sample was $582,000. What is the amount of the projected misstatement?

Numeric Response: ?

Answer rating: 100% (QA)

To calculate the amount of the projected misstatement we can use the formula textProj... View the full answer