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 ratio estimation technique,the estimated total audited value of the population is:
A) $100,000.
B) $120,000.
C) $140,000.
D) $144,000
Correct Answer:
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