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The 2,000 accounts receivable of Willings Company have a total book value of $120,000. A
Certified Public Accountant (CPA) using nonstatistical variables sampling has selected and
audited a sample of 100 accounts with a total book value of $6,100 and an audited value of
$5,900.
Using the difference estimation technique, estimated total audited value of the population is:
Multiple Choice
$118,000.
$124,068.
$116,000.
$116,066.

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The 2000 accounts receivable of Willings Company have a tot.pdf

  • 1. The 2,000 accounts receivable of Willings Company have a total book value of $120,000. A Certified Public Accountant (CPA) using nonstatistical variables sampling has selected and audited a sample of 100 accounts with a total book value of $6,100 and an audited value of $5,900. Using the difference estimation technique, estimated total audited value of the population is: Multiple Choice $118,000. $124,068. $116,000. $116,066.