e https://newconnect.mheducation.com/flow/connect.html X e ezto.mheducation.com e ezto.mheducation.com e Portal eChapter 9 Problems Saved Chapter 9 Problems i Scott Duffney, CPA, has randomly selected and audited a sample of 100 of Will-Mart's accounts receivable. Will-Mart has 3,000 accounts receivable accounts with a total book value of $3.600,000. Duffney has determined that the account's tolerable misstatement is $850,000. polnts His sample results are as follows: Average audited value $1,190 eBook Average book value 1,198 Print Required: Calculate the accounts receivable estimated audited value and projected misstatement using the: (Do not round your intermediate calculations and round your final answer to nearest whole dollar.) References Estimated Audited Value Projected Misstatement a. Mean-per-unit method. 3,570,000 $ 30,000 b. Ratio method. C. Difference method. Mc Graw Hill Education < Prev 5 of 6 Next > Chapter 9 Problem... DELL %24

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Chapter 9 Problems i
Scott Duffney, CPA, has randomly selected and audited a sample of 100 of Will-Mart's accounts receivable. Will-Mart has 3,000
accounts receivable accounts with a total book value of $3.600,000. Duffney has determined that the account's tolerable
misstatement is $850,000.
polnts
His sample results are as follows:
Average audited
value
$1,190
eBook
Average book value
1,198
Print
Required:
Calculate the accounts receivable estimated audited value and projected misstatement using the: (Do not round your intermediate
calculations and round your final answer to nearest whole dollar.)
References
Estimated
Audited Value
Projected
Misstatement
a. Mean-per-unit method.
3,570,000 $
30,000
b. Ratio method.
C.
Difference method.
Mc
Graw
Hill
Education
< Prev
5 of 6
Next >
Chapter 9 Problem...
DELL
%24
Transcribed Image Text:e https://newconnect.mheducation.com/flow/connect.html X e ezto.mheducation.com e ezto.mheducation.com e Portal eChapter 9 Problems Saved Chapter 9 Problems i Scott Duffney, CPA, has randomly selected and audited a sample of 100 of Will-Mart's accounts receivable. Will-Mart has 3,000 accounts receivable accounts with a total book value of $3.600,000. Duffney has determined that the account's tolerable misstatement is $850,000. polnts His sample results are as follows: Average audited value $1,190 eBook Average book value 1,198 Print Required: Calculate the accounts receivable estimated audited value and projected misstatement using the: (Do not round your intermediate calculations and round your final answer to nearest whole dollar.) References Estimated Audited Value Projected Misstatement a. Mean-per-unit method. 3,570,000 $ 30,000 b. Ratio method. C. Difference method. Mc Graw Hill Education < Prev 5 of 6 Next > Chapter 9 Problem... DELL %24
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