The Doctrine of Containment Set Forth by George F

question 10

Multiple Choice

The doctrine of containment set forth by George F. Kennan

• A) proposed that the United States should seek to "roll back" Communism in Eastern Europe.
• B) was expressed in the Truman Doctrine enunciated by President Harry Truman in 1947.
• C) called for the United States to initiate arms reduction talks.
• D) said that the United States should seek to block the spread of Communism to additional countries.
• E) Both options B and D are true.

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Definitions:

Fair Value Method

An accounting approach where assets and liabilities are reported at their prices that would be received to sell an asset or paid to transfer a liability.

Cost Method

An accounting method where investments are recorded at their acquisition cost without considering market value changes unless a permanent decline in value has occurred.

Amortization

The process of gradually writing off the initial cost of an intangible asset over a period.

Equity Method

An accounting technique used to record investments in other companies, where the investment is adjusted for the investor’s share of the investee’s profits and losses.