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Exam IIA-CIA-Part2 topic 3 question 3 discussion

Actual exam question from IIA's IIA-CIA-Part2
Question #: 3
Topic #: 3
[All IIA-CIA-Part2 Questions]

Which of the following is the correct ratio to use in calculating the dollar value of the population if the auditor is using ratio estimation?

Number of Items -

Audited Value -

Carrying Amount -

Sample -
300
$500,000
$480,000

Population -
3,000
$5,000,000

  • A. 0.10
  • B. 0.96
  • C. 1.04
  • D. 10.00
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Suggested Answer: C 🗳️
by WZ at July 12, 2020, 6:45 p.m.

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Brad626
2 months, 2 weeks ago
Thys type of formatting issue exists in many questions
upvoted 3 times
...
wiseminosse
3 months, 2 weeks ago
I suppose the right format of the question data is: Number of Items: 300 Audited Value: $500,000 Carrying Amount: $480,000 Sample: 3,000 Population: $5,000,000 Audited Value/Carrying amunt is the ratio
upvoted 4 times
...
wiseminosse
3 months, 3 weeks ago
Question not clear (formatting problem?)
upvoted 1 times
...
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