In Considering Contingencies, IFRS and GAAP Define the Term "Probable

Multiple Choice

In considering contingencies, IFRS and GAAP define the term "probable" as

A) IFRS - likely; GAAP - likely
B) IFRS - likely; GAAP - more likely than not
C) IFRS - more likely than not; GAAP - likely
D) IFRS - more likely than not; GAAP - more likely than not