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The concepts of probable and more likely than not arise frequently in exercising judgment in applying accounting standards under both U.S. GAAP and IFRS. In
The concepts of probable and more likely than not arise frequently in exercising judgment in applying accounting standards under both U.S. GAAP and IFRS. In your mind, if an event is probable as opposed to more likely than not, what would be your assessment of the difference in the two terms? Can you assign a probability to each
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