Identify the level of the literature hierarchy for U.S. GAAP to which each item belongs. Question content area bottom Part 1 Authoritative Literature Level 1, 2, or 3? a. Industry practice b. FASB Concept Statements c. Codification d. Textbooks e. Authoritative rules and principles from U.S. GAAP for similar transactions f. International Financial Reporting Standards (IFRS) g. SEC rules and interpretive releases