In APA 6th edition (WORD DOCUMENT), list and briefly explain the five generally accepted accounting principles(GAAP) that accountants must consider when presenting financial accounting information in 250 words or more.
1)The Exchange principle
2)Revenue recognition principle
4)Gain and loss recognition principle
5)Full disclosure principle
Please include 3 in-text APA 6th Edition citations from the reference below:
Roger H. Hermanson, Michael W. Maher, and James Don Edwards. 2011. Accounting Principles: A Business Perspective, Financial Accounting (Chapters 1-8). Textbook Equity.
Please include the APA 6th edition bibliography for the above-listed reference.