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 appropriate sampling interval?
A. $60.
B. $250.
C. $500.
D. $30,000.
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