The Measurement Principle Includes the

question 150

Multiple Choice

The measurement principle includes the

• A) fair value principle only.
• B) historical cost principle only.
• C) revenue recognition principle and expense recognition principle.
• D) historical cost principle and the fair value principle.

---

Definitions:

Truman Doctrine

A policy set forth by U.S. President Harry S. Truman in 1947, supporting countries that rejected communism, marking the start of the Cold War era.

American Foreign Policy

The strategic approach and actions taken by the United States in its relations with other countries, including diplomacy, military actions, and treaties.

Gamal Abdul Nasser

An Egyptian military officer and statesman who served as the second President of Egypt from 1954 until his death in 1970, known for his nationalist policies and his key role in the pan-Arab movement.

Aswan Dam Project

Refers to the construction of two dams on the Nile River in Egypt, with the most notable being the Aswan High Dam, which was completed in 1970 to control floods, provide increased water storage for irrigation, and generate hydroelectric power.