Question: The following are the differences between recorded and audited amounts for ABC Inc.. What is the amount of each misstatement and the percentage differences? Fill

The following are the differences between recorded and audited amounts for ABC Inc.. What is the amount of each misstatement and the percentage differences? Fill in the blanks.

Item

Recorded

Amount

Audited Amount

Misstatement

%

(3 decimal places)

1

637.00

673.00

2

591.00

590.00

3

850.00

875.00

4

1200.00

1020.00

5

745.00

547.00

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