The More-Likely-Than-Not Standard

question 30

Multiple Choice

The more-likely-than-not standard

• A)is based on a more-than 50 percent probability.
• B)applies only to contested liabilities
• C)is used to determine if a deferred tax liability should be recognized.
• D)is spelled out in APB 23.

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Definitions:

Level Of Confidence

The level of confidence quantifies the degree of certainty or assurance in the results of a statistical analysis, often expressed as a percentage.

Z-Value

A statistical measure that represents the number of standard deviations a data point is from the mean.

Claims Processor

A professional responsible for evaluating and processing insurance claims, ensuring they meet policy requirements.

Performance Rating

An evaluation of an employee's job performance over a specific period, often affecting promotions, pay raises, and other employment decisions.