menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Australian Financial Accounting Study Set 1
  4. Exam
    Exam 4: An Overview of Accounting for Assets
  5. Question
    The Term 'Probable' Is Described in AASB Framework as Meaning
Solved

The Term 'Probable' Is Described in AASB Framework as Meaning

Question 31

Question 31

True/False

The term 'probable' is described in AASB Framework as meaning that the chance of the future economic benefits arising is more likely rather than less likely:

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q25: Future economic benefits can only be derived

Q27: The effect of capitalising expenditures is to:<br>A)

Q28: If an asset's carrying amount is less

Q28: Recoverable amount of an asset is defined

Q30: Which of the following assets are recognised

Q32: According to AASB 136 a non-current asset

Q33: AASB 108"Accounting policies,changes in accounting estimates and

Q34: Heritage assets have characteristics that create doubt

Q35: Advertising costs are not typically capitalised because.<br>A)

Q56: For an asset to be recognised,it is

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines