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:

Inductive Argument

A type of reasoning that moves from specific instances to a general conclusion, which can be more or less probable but not certain.

Puppets

Articulated figures or models, manipulated by a puppeteer, used in performances to entertain or convey stories.

Tele-

A prefix meaning distant, used in forming words that signify communication over long distances, such as telephone or television.

Bad Work Ethic

Characterized by a lack of responsibility, dedication, and professionalism in one's approach to work tasks or environments.