The phrase "acknowledged it is possible" is correct and usable in written English.
You can use it when discussing the recognition of a possibility or potential outcome in a given context.
Example: "After reviewing the evidence, the committee acknowledged it is possible that the project could succeed with additional funding."
Alternatives: "recognized that it is feasible" or "admitted it is achievable."
LSD's effects were still little understood; as Sim acknowledged, it was possible to become "smothered by the preponderance of conflicting reports".
Haddow acknowledged it's possible for deaths to occur when people take adulterated kratom products.
Equally he acknowledges it is possible that Sir Ian encountered the "bandit car" in Park Street on its way to Alpha Close, but if that was the case, he wonders, "why is this the first we have ever heard of this?
He acknowledges it is possible for the SNP to pick up lots of votes in the forthcoming elections, but when the issue of a separate Scottish state is joined "people have said that's not what we want to do".
Although we did perform a comprehensive search, we acknowledge it is possible to miss a single or few RCT, especially non-English RCT.
We acknowledge it is possible that people with greater stress may have chosen not to respond to the surveys [ 56, 57].
However, we acknowledge it is possible that underlying factors inherent in the woman who used the misoprostol and the mat (e.g. motivation, knowledge, etc).
While acknowledging it was possible that the Lib Dems could hold the balance of power if no party won an outright majority, he said: "We will aim to consolidate the position we're in – in second place, having clearly overtaken Labour".
Still, he acknowledged, "it is always possible to hack a software".
The only government report on the topic by the feisty Congressional Oversight Panel for the TARP acknowledges that "it is possible that 'robo-signing' may have concealed deeper problems in the mortgage market that could potentially threaten financial stability".
