Examlex
Indicate in the blank spaces below, the section of the balance sheet where the following items are reported. Use the following code to identify your answer:
Ratification
The act of approving or sanctioning an agreement or treaty that makes it officially valid.
Unauthorized Act
An action taken by an individual or entity without permission or authority, potentially leading to legal consequences or invalidation of the act.
Principal
In finance, this term refers to the original sum of money borrowed in a loan, or the amount of the investment itself, excluding any interest or profit.
Agent
A person or entity authorized to act on behalf of another person or entity in contractual or legal matters.
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