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Which of the following statements regarding FASB's Conceptual Framework are TRUE?
Select ALL that may apply.
It is intended to be used as a guide for the development of Generally Accepted Accounting Principles (GAAP).
It helps ensure that GAAP rules are consistent and in combination provide a cohesive "big picture" for the accounting profession.
It organizes all exiting GAAP into a "one stop shop" for accountants to reference.
It is considered to be GAAP.
It has been established through the issuance of FASB Statements of Financial Accounting Concepts (SFAC)s.
It proclaims the primary users of financial statements as tax regulators.