[The following information applies to the questions displayed below.]The 4,000 accounts receivable of Miller Company have a total book value of $150,000. A CPA has selected and audited a sample of 100 accounts with a total book value of $3,700 and an audited value of $3,800.Using the ratio estimation technique, the estimated total audited value of the population is:
A. $154,000.
B. $150,000.
C. $152,000.
D. $154,054.
Answer: D
Business
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