How might the definition of probable affect determining whether a contract exists under IFRS as compared to

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How might the definition of “probable” affect determining whether a contract exists under IFRS as compared to U.S. GAAP?

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Intermediate Accounting

ISBN: 9781259722660

9th Edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

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Question Posted: Sep 20, 2019 12:05 PM

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How might the definition of probable affect determining whether a contract exists under IFRS as compared to

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Under US GAAP probable is defined as likely to occur or as reasonably be expected or bel...View the full answer

Intermediate Accounting

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