Question: Question 39 2 pts Using statistical sampling to assist in verifying the year-end accounts payable balance, an auditor has accumulated the following data: Population: Number

Question 39 2 pts Using statistical sampling to assist in verifying

Question 39 2 pts Using statistical sampling to assist in verifying the year-end accounts payable balance, an auditor has accumulated the following data: Population: Number of Accounts: 4,100; Book Balance $5,000,000; Balance determined by the auditor: ? Sample: Number of Accounts: 200; Book Balance $250,000; Balance determined by the auditor: $300,000 Using the ratio estimation technique, the auditor's estimate of year-end accounts payable balance would be: 1. $5,050,000. 2. $5,125,000. 3. $6,000,000. 4. $6,150,000. 1 3 2 4 4

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