The Description of 'Probable' in the IASB Conceptual Framework Means

question 34

Multiple Choice

The description of 'probable' in the IASB Conceptual Framework means that:

• A)Assessments of the degree of uncertainty attaching to the flow of economic benefits are made on the basis of evidence.
• B)Assets will be recognised if the expected probability of future benefits arising is less than 50%.
• C)A high degree of professional judgment may be required in preparing accounting reports.
• D)Assessments of the degree of uncertainty and a high degree of professional judgment may be required in preparing accounting reports.

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Definitions:

Methodological Quality

pertains to the rigor, consistency, and appropriateness of the methods used in research, affecting the reliability and validity of its findings.

Research Allegiance

The phenomenon where researchers' theoretical preferences or beliefs influence the outcomes or interpretations of their studies.

Experimenter Attributes

Characteristics or qualities of the researcher that may inadvertently affect the participants' behavior or responses during a study.

Differential Responses

Variations in responses to stimuli or conditions among different groups or individuals, observed in experiments or surveys.