Which of the following statements about the definition of the word probable are true? (Select all that apply.)

• IFRS defines probable as a likelihood that is greater than 25%.

• The IFRS definition of the word probable is higher than the definition in U.S. GAAP.

• The U.S. GAAP definition of the word probable implies a relatively high likelihood of occurrence.

• U.S. GAAP defines probable to mean an amount can reasonably be expected or believed on the basis of available evidence or logic but is neither certain nor proved.