Bama’s accounts receivable were recorded at $600,000. Assume that the auditor determined a sample size of 20 customer accounts and prepared confirmations to those customers. One misstatement was determined; an account recorded at $10,000 was confirmed to have a balance of $5,000.
What is the projected misstatement?
A. $5,000.
B. $10,000.
C. $15,000.
D. $30,000.
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