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What is the estimated total audited value

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Question - The auditors have sampled 50 accounts from a population of 1,000 accounts receivable. The sample items have a mean book value of $200 and a mean audited value of $203. The book value in the population is $198,000. What is the estimated total audited value of the population using the difference method?

$198,000.

$200,000.

$201,000.

$203,000.

Reference no: EM132471800

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