The concept of the accounting entity often is considered to be the most fundamental of accounting concepts, one that pervades all of accounting. Required: 1. What is a reporting entity? Explain why the reporting entity concept is so fundamental that it pervades all of accounting. 2. For each of the following, indicate whether the accounting concept of reporting entity can be applied. Discuss and give illustrations. a. a unit created by or under law b. the product-line operating segment of an enterprise c. a combination of legal units and/or product-line operating segments d. all of the activities of an owner of a company e. an industry f. the economy of the United States

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

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commercial banking

provide online payment services

provide online banking

asset management firms

invest in people's funds in securities

accept tax return refunds

2b2t

explanation:

2b2t