Question: Using the ratio estimation method, an auditor has properly calculated the estimated total audited value of a population as $ 1 0 0 , 0

Using the ratio
estimation method, an auditor has properly calculated the estimated total audited value of a population as $100,000. Her sample included 100 of the population's 20,000 items. She found that, in her sample, the average audited value was $1 more than the average book value. What was the projected understatement? A: $0 B:$10,000 C:20,000 D:$25,000

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