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The 1,000 accounts receivable of Gamco Company have a total book value of $20,000. Wilbur
Schneitz, Certified Public Accountant (CPA), has selected and audited a sample of 50 accounts
with a total book value of $900. Using nonstatistical variables sampling and the difference
estimation technique, Smith has properly estimated a projected misstatement of an overstatement
of $3,000 for the entire population.
The total audited value of Schneitzs sample is:
$1,000
$650
$750

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