Problem

If the recorded amount of the sample item is $1,000, the audited value is $600, and the sa...

If the recorded amount of the sample item is $1,000, the audited value is $600, and the sampling interval is $5,000, the projected misstatement would be

A. $3,000.

B. $2,000.

C. $1,000.

D. $400.

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