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The accounting department of the client reports that the balance of Accounts Receivable is $210,000....

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Accounting

The accounting department of the client reports that the balance of Accounts Receivable is $210,000. Using classical variable sampling, the auditor computes an estimated total population value of $216,500 and computed a 95% achieved allowance for sampling risk of +-$8,500. The auditor should conclude that the accounts receivable balance is fairly stated.
Select one:
a. False
b. True
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