When Selecting Within a Range of Outcome Estimates for Probable

question 115

Multiple Choice

When selecting within a range of outcome estimates for probable contingencies, the requirements of IFRS and GAAP, respectively, are to accrue what amount in the range?
$\begin{array}{c}\begin{array}{lll}\\\text {I.}\\\text {II.}\\\text {III.}\\\text {IV.}\end{array}\begin{array}{lll}\underline{\text { GAAP}}\\ \text { minimum}\\ \text { minimum}\\ \text { midpoint}\\ \text { midpoint} \end{array}\begin{array}{lll}\underline{\text { IFRS }}\\\text { minimum}\\\text { midpoint}\\\text { minimum}\\\text { midpoint}\end{array}\end{array}$

• A) I
• B) II
• C) III
• D) IV

---

Definitions:

Problem/Causes/Solution Pattern

A method of organizing information in communication that identifies issues, their reasons, and proposed fixes.

Symptoms

Signs or indications of the existence of a problem, illness, or specific condition.

Solutions

Answers or methods for solving a problem or dealing with a difficult situation.

Hostile

Displaying or characterized by antagonism or opposition; often refers to takeovers in business where the acquiring company makes an offer directly to shareholders, bypassing the target company's management.