This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An auditor is confirming a population of accounts receivable for monetary correctness. The ... (Read 73 times)

ksmithunr

  • Full Member
  • ***
  • Posts: 176
on: Aug 21, 2022

Question 1

An accounts receivable population contains a total of four customers. The accounts, the amounts, and the cumulative total are shown below. Monetary unit sampling is to be used.

Account
Name		Recorded 
Amount		Cumulative
Total
Blue$357$357
Brown 281 638
Gray 60 698
Green 5741,272
Based on the information above, the population size is
◦ 4.
◦ 574.
◦ 1,272.
◦ 2,684.

Question 2

An auditor is confirming a population of accounts receivable for monetary correctness. The population totals $2,000,000 and a sample of 200 confirmations is obtained. Upon audit, no misstatements are uncovered in the sample. Assuming an ARIA of 10%, the confidence factor would be 2.31. Applied to a sampling interval of $10,000, the upper misstatement bound is calculated as
◦ $462.
◦ $4,329.
◦ $23,100.
◦ $865,801.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by ksmithunr on Aug 21, 2022

Khareemom14

  • Full Member
  • ***
  • Posts: 163
Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


ksmithunr

  • Member
  • Posts: 176
Reply 2 on: Aug 21, 2022
Wow, this really help

pratush dev

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Population predictions for 2000–2050, using three different total fertility rates ( Population predictions for 2000–2050, using three different total fertility rates (
The world attempted to deal with Somalia as if it were a real country but painfully learned that Som The world attempted to deal with Somalia as if it were a real country but painfully learned that Som
Cotton Production and Slave Population, 1800–1860 Cotton Production and Slave Population, 1800–1860
Example of calculation of days in accounts receivable (AR). Example of calculation of days in accounts receivable (AR).
Race-Ethnicity of the U.S. Population Race-Ethnicity of the U.S. Population
Population receiving welfare, 1960-2020 Population receiving welfare, 1960-2020
Video: Power Supply Polyacrylamide Gel Protein Sample

For a complete list of videos, visit our video library