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Harold, a financial accountant in a company, is asked to identify the changes in the company's account values between 2014 and 2016. To get the required information, he uses comparative financial statements, which state the figures for the two years side by side. These comparative financial statements make it easier for Harold to identify the changes that may have taken place during that period. In this scenario, Harold is most likely using _____ to get the required information.
Actual Authority
Actual authority is the express or implied legal power given to an agent by the principal to act on their behalf.
Individual Agent's Death
The termination of an agency relationship caused by the death of the agent, affecting contractual and legal obligations.
Authority Of An Agent
The legally bestowed power an agent has to act on behalf of another person or entity, often defined by a contract or law.
Signed By The Principal
An act where the main party in a transaction or legal document formally endorses it, validating its terms or agreement.
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