Question: Per the facts below PPS sampling would say there are 5,000 items in the population to select from. Number of Account Receivable Customer Accounts: 5,000

Per the facts below PPS sampling would say there are 5,000 items in the population to select from.

Number of Account Receivable Customer Accounts:

5,000

Number of Invoices open at year end

50,000

Recorded amount of accounts receivable

$50M

Tolerable Misstatement

$5M

True or False?

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