In IFRS, "Probable" as Recognition Criterion for Liabilities with Uncertain

question 63

True/False

In IFRS, "probable" as recognition criterion for liabilities with uncertain amount and/or timing means "more likely than not"-approximately 51%.

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Definitions:

Range

The difference between the highest and lowest values in a dataset.

Range

The difference between the highest and lowest values in a set of data, indicating the spread of values.

Mathematical Difference

The result of subtracting one quantity from another.

Range

The difference between the largest and smallest values in a dataset, a measure of spread or variability.