Please refer to the FASB Accounting Standards Codification® (FASB ASC) when explaining the question.
The concept of the accounting entity is often considered the most fundamental of accounting concepts, one that pervades all accounting.
Please explain briefly with examples for each of the following whether the entity concept is applicable.
A. A unit created by or under law
B. The product-line segment of an enterprise
C. A combination of legal units
Please label and explain with examples and refer to FASB ASC if possible. Thanks.