In the Recognition Criteria for Liabilities with Uncertain Amount And/or

In the recognition criteria for liabilities with uncertain amount and/or timing, "probable" is used in U.S.GAAP to refer to a threshold of likelihood-a rule of thumb used in practice is approximately _____ In IFRS, "probable" as recognition criterion for liabilities with uncertain amount and/or timing means approximately _____.

A) 33%; 25%
B) 51%; 51%
C) 60%; 25%
D) 80%; 51%
E) 90%; 75%

Correct Answer:

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