Which Is IAS 37's Correct Definition of a 'Probable' Outflow

question 7

Multiple Choice

Which is IAS 37's correct definition of a 'probable' outflow?

• A)A probable outflow is the outflow which is more likely to happen than any other individual possible outcome
• B)A probable outflow is any outflow which has a reasonable chance of happening ie a greater than 30% probability.
• C)A probable outflow is an outflow which is more likely to happen than all other outcomes combined,i.e.a 51% probability.
• D)A probable outflow is an outflow which has any chance of happening

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