Question: Please help Scott Duffney, CPA, has randomly selected and audited a sample of 100 of Will Martis accounts receivable. Will Mart has 3,000 accounts receivable
Please help

Scott Duffney, CPA, has randomly selected and audited a sample of 100 of Will Martis accounts receivable. Will Mart has 3,000 accounts receivable accounts with a total book value of $3.450,000-Duffney has determined that the account's tolerable misstatement is $700,000. His sample results are as follows. Average audited value $1, 145 Average book value 1, 158 Required: Calculate the accounts receivable estimated audited value and projected misstatement using the (Do not round your intermediate calculations and round your final answer to nearest whole dollar.) Estimated Projected Audited Value Misstatement Mean-per-unk method b. Ratio method c. Difference method
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
