This problem uses the information presented in the previous question and extends the analysis to ratio and
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Question:
Use the replies presented in the preceding problem for this problem.
a. Use the ratio method to calculate:
(1) Projected misstatement.
(2) Estimated total audited value.
b. Use the difference estimation method to calculate:
(1) Projected misstatement.
(2) Estimated total audited value
Related Book For
Introduction to Financial Accounting
ISBN: 978-0133251036
11th edition
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
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