Using statistical sampling to assist in verifying the year-end accounts payable balance, an auditor has accumulated the following data:
Projecting the misstatement to the population, the auditor's estimate of year-end accounts payable balance would be:
A)$5,050,000.
B)$5,125,000.
C)$6,000,000.
D)$6,150,000.

Question

Using statistical sampling to assist in verifying the year-end accounts payable balance, an auditor has accumulated the following data: 
Projecting the misstatement to the population, the auditor's estimate of year-end accounts payable balance would be:
A)$5,050,000. 
B)$5,125,000. 
C)$6,000,000. 
D)$6,150,000.

Quizplus · Accepted Answer

The Answer of Using statistical sampling to assist in verifying the year-end accounts payable balance, an auditor has accumulated the following data: 
Projecting the misstatement to the population, the auditor's estimate of year-end accounts payable balance would be:
A)$5,050,000. 
B)$5,125,000. 
C)$6,000,000. 
D)$6,150,000.

Using Statistical Sampling to Assist in Verifying the Year-End Accounts