multiple select question select all that apply which of the following terms are used to categorize the…

multiple select question select all that apply which of the following terms are used to categorize the likelihood of the occurrence of a future loss? uncertain certain probable reasonably possible remote

multiple select question select all that apply which of the following terms are used to categorize the likelihood of the occurrence of a future loss? uncertain certain probable reasonably possible remote

Answer

Brief Explanations:

In accounting and finance, terms like certain (100% likelihood), probable (high - likelihood), reasonably possible (moderate - likelihood), and remote (low - likelihood) are used to categorize the likelihood of future losses. Uncertain is a more general term but can also be used in this context to describe a lack of clear - cut probability.

Answer:

Uncertain, Certain, Probable, Reasonably possible, Remote