Disclosure Is Required Under IFRS When the Likelihood of the Outcome

question 41

Multiple Choice

Disclosure is required under IFRS when the likelihood of the outcome (measurement) is:

• A) virtually certain: > 95%.
• B) possible: 5% - 50%.
• C) remote: < 5%.
• D) probable: 50% - 95%.
• E) likely: 70% - 95%.