The 10,000 accounts receivable of DEF Company have a total book value of $120,000. A CPA has
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Question:
The 10,000 accounts receivable of DEF Company have a total book value of $120,000. A CPA has selected and audited a sample of 100 accounts with a total book value of $1,000 and an audited value of $1,200. Using the mean-per-unit estimation technique, the estimated total audited value of the population is:
a. $100,000
b. $120,000
c. $140,000
d. $144,000
Related Book For
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
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