Assume that programs classified as major federal programs totaled $4,500,000 . If the auditee is considered low-risk, the percentage of coverage rule would be satisfied if the total federal awards expended were no more than

a. $4,500,000
b. $6,000,000
c. $9,000,000
d. $12,000,000
e. $18,000,000

E

Business

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