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

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The Answer of 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

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