In Accounting for Liabilities, IFRS Interprets "Probable" As

question 28

Multiple Choice

In accounting for liabilities, IFRS interprets "probable" as:

• A) likely.
• B) more likely than not.
• C) somewhat possible.
• D) possible and not remote.

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Definitions:

Carve

To cut into a material with the aim of shaping it into something.

Religion

A system of faith and worship often involving a belief in a supreme being or beings and following a prescribed set of rituals and moral codes.

Chronic Stress

A prolonged and constant feeling of stress that can negatively affect one's health.

Physically

Pertains to the body as opposed to the mind or emotions, involving bodily movements or activities.