How are the terms probable and virtually certain related to provisions and contingencies?

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How are the terms "probable" and "virtually certain" related to provisions and contingencies?

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Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Question Posted: Nov 23, 2017 08:55 AM

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How are the terms probable and virtually certain related to provisions and contingencies?

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In determining whether a provision should be recognized in addition to assessing whether a past even...View the full answer

Intermediate Accounting IFRS

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