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 77 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
:D TYSM

miss_1456@hotmail.com

  • Member
  • Posts: 289
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?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Meiosis Accounts for Independent Assortment of Alleles p1 Meiosis Accounts for Independent Assortment of Alleles p1
A genetic bottleneck reduces a population temporarily to very low levels, removing much of its genet A genetic bottleneck reduces a population temporarily to very low levels, removing much of its genet
population population
Sources of income for U.S. population aged 65 and over. Sources of income for U.S. population aged 65 and over.
Policies on fertility and population growth Policies on fertility and population growth
Poverty and population growth Poverty and population growth
Video: Structures that affect circulation - arterioles and vasomotor responses

For a complete list of videos, visit our video library