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Which of the following statements about the conceptual framework is correct? A. It is a coherent system of concepts that flow from an objective. B.

Which of the following statements about the conceptual framework is correct?

A. It is a coherent system of concepts that flow from an objective.

B. It should allow the accounting profession to quickly solve new and emerging practical problems.

C. It increases financial statement users understanding of and confidence in financial reporting.

D. All of these answer choices are correct.

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