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Describe the five major GAAP that accountants must consider when presenting information: The 5 major GAAP's and Definitions: Exchange- price (or cost) principle Revenue recognition
Describe the five major GAAP that accountants must consider when presenting information:
The 5 major GAAP's and Definitions:
Exchange- price (or cost) principle
Revenue recognition principle
Matching principle
Gain and Loss recognition principle
Full disclosure principle
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