Guidelines and requirements for measuring and reporting financial information$\mathrm{.}2$Provides underlying foundation for financial accounting and reporting$\mathrm{.}3.$Measured using market, income, or cost approaches$\mathrm{.}4.$Focuses on operating or productive capacity$\mathrm{.}5.$Focuses on providing detailed and precise guidance$\mathrm{.}6.$Focuses on providing information to internal users.Focuses on providing information to investors and creditors.c$$Measured using discounted future cash flows$\mathrm{.}9.$Choice by a company to report some financial assets or liabilities at fair value$\mathrm{.}10.$Focuses on applying broad principles and concepts to various situations.