Put the three levels of the literature hierarchy for U.S. GAAP in correct order (use 1, 2, 3): Question content area bottom Part 1 Authoritative Literature Level Authoritative rules and principles from U.S. GAAP for similar transactions. Codification and all SEC rules and interpretive releases. Whereas the Codification applies to all entities that report under U.S. GAAP, the SEC materials apply only to publicly traded registrants. Other material such as the FASB Concept Statements, IFRS, industry practice, and textbooks