1 $2,728.00 $2,498.00 $230.00 0.084
3 3,890.00 1,190.00 2,700.00 0.694
4 815.00 785.00 30.00 0.037
6 3,215.00 3,190.00 25.00 0.008
Totals $10,648.00 $7,663.00 $2,985.00
(a) (b) ( c = a x b) (d) (e = c x d)
0.694 19,750 13,707 1.58 21,656
0.084 19,750 1,659 1.44 2389
0.037 19,750 731 1.36 994
0.008 19,750 158 1.31 207
MISSTATEMENT/
RECORDED VALUE
The differences that were uncovered include only four misstatements rather than seven.
Items 2, 5, and 7 are not misstatements, but only timing differences. Therefore, only the
four misstatements are summarized in order to compute the upper misstatement bound.
These misstatements are summarized below.