The more-likely-than-not standard
A)is based on a more-than 50 percent probability.
B)applies only to contested liabilities
C)is used to determine if a deferred tax liability should be recognized.
D)is spelled out in APB 23.

Question

Quizplus · Accepted Answer

The more-likely-than-not standard refers to a probability threshold of more than 50 percent, indicating that an event is more likely to occur than not.

The More-Likely-Than-Not Standard