The error that occurs because a sample, and not the entire population, is used to estimate a population parameter is a
a. nonsampling error
b. sampling error
c. judgment error
d. standard error
B
You might also like to view...
Vent, Inc. reported net income of $770,000 for 2018. Vent sold 15,000 shares of treasury stock acquired in a previous year on July 1 and 15,000 new shares on November 1. At year-end, 180,000 shares were outstanding. Vent had 20,000 shares of $100 par value 7% preferred stock outstanding all year. Vent paid dividends to the preferred shareholders.If each share of preferred stock is convertible into 2 shares of common stock, the diluted earnings per share for 2018 is
A. $3.85 per share. B. $4.81 per share. C. $3.94 per share. D. $6.10 per share.
According to professional audit standards, the audit team should assemble early in the planning stages of an audit to conduct a fraud "brainstorming" meeting in order to determine the types of fraud that may occur with the client
a. True b. False Indicate whether the statement is true or false
State limited liability company statutes are uniform.
Answer the following statement true (T) or false (F)
When the auditors obtain an understanding of internal control for the financing cycle, documentation will frequently include a written description as well as a(n):
A. Decision table. B. Internal control questionnaire. C. List of audit objectives. D. Summary of tests of controls.