The Measurement Principle Requires That

question 68

Multiple Choice

The measurement principle requires that

• A) business transactions be consistent with the objectives of the entity
• B) the Financial Accounting Standards Board be fair and unbiased in its deliberations over new accounting standards
• C) accounting principles meet the objectives of the Security and Exchange Commission
• D) amounts recorded in the financial statements be based on independently verifiable evidence

---

Definitions:

Vascular Cylinder

Of a plant root, central column that consists of vascular tissue, pericycle, and supporting cells.

Endodermal Cells

Cells originating from the innermost layer of the embryo, which give rise to the lining of the digestive and respiratory systems.

Casparian Strip

A band of cell wall material found in the roots of plants, acting as a barrier to the passive flow of substances.

Xylem

The vascular tissue in plants that conducts water and dissolved nutrients upward from the root and also helps to form the woody element in the stem.