Calculate sampling interval and sample size, Accounting Basics

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Calculate sampling interval and sample size

The auditors wish to test the valuation of accounts receivable in the audit of Seaside Enterprises. The client has $5,000,000 of total recorded receivables, composed of 2500 accounts. The auditors have determined the following:

Tolerable misstatement $225,000
Risk of incorrect acceptance 5%
Estimated misstatement 1

Calculate sampling interval and sample size?

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Accounting Basics: Calculate sampling interval and sample size

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Accounting Basics: Calculate sampling interval and sample size

Reference No:- TGS051259

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Assumption of liability by the transferee

Q : What type of auditor will you conduct

Q : Prepare the general journal entries required

Q : Determining the four time value of money concepts

Q : Calculate sampling interval and sample size

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Calculate sampling interval and sample size

Reference No:- TGS051259

Recent Questions Asked Accounting Basics

Q : Assumption of liability by the transferee

Q : What type of auditor will you conduct

Q : Prepare the general journal entries required

Q : Determining the four time value of money concepts

Q : Calculate sampling interval and sample size

Q : Explain statement using concept of strategic commitment

Q : In which circumstances would gore be better off giving bush

Q : Changes in the market rate of interest

Q : Differences between savings and loans-credit unions

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