Complete the Following Table

question 40

Essay

Complete the following table.Provide a brief description of the literature included for each level of the U.S.GAAP Literature Hierarchy.

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Definitions:

Principal

In legal and business context, the principal is a party who authorizes an agent to act on their behalf for the purpose of conducting specific tasks or transactions.

Employee's Negligence

An employee’s failure to exercise reasonable care in the course of their work duties, which results in harm to another.

Intentional Torts

Wrongful acts committed with the intention of causing harm to others, which can include assault, battery, and defamation.

Principal

The primary party involved in a transaction, agreement, or legal relationship, who has authorized agents to act on their behalf.