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Which of the following statements about the definition of the word probable are true? Note: Select all that apply. Check All That Apply IFRS defines
Which of the following statements about the definition of the word "probable" are true? Note: Select all that apply. Check All That Apply IFRS defines "probable" as a likelihood that is greater than 25%. 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 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. 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
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