reasonably possible definition
reasonably possible means the chance of the future event or events occurring “is more than remote but less than likely”; and (3) “remote” means the chance of the future event or events occurring “is slight.”22
reasonably possible means the chance of a future transaction or event occurring is more than remote but less than likely. "Near-term" means a period of time going forward up to one year from the date of the financial statements. Companies would be required to select meaningful changes in material assumptions for purposes of these disclosures. If a company was not able to select a single most material assumption or believed that using a single assumption would not provide meaningful sensitivity information for investors, it could demonstrate the effects of near-term reasonably possible changes in more than one material assumption underlying the critical accounting estimate.