Answer:
GAAP
Explanation:
GAAP stands for generally accepted accounting principles. The GAAP contains a set of rules and financial principles that accountants in united states must use as the standard of their financial reporting.
The European Union follow IFRS.
IFRS stands for International Financial Reporting Standards. Just like GAAP, it is also containts a set of rules and principles for financial reporting. But IFRS Is used by a lot of countries internationally.
Generally, the rules/principles written between the two is pretty much the same. But there are still a couple of differences.
For example,
GAAP require the creation of statement of comprehensive income. IFRS on the other hand , does not include this as a requirement.
Which is supreme, the state governments or the federal government?
McCulloch v. Maryland addressed the issue of Maryland taxing the National Bank.
In this case, the state of Maryland attempted to tax the National Bank. The representative of the Bank refused to pay the taxes. The Court sided with the Bank stating the Federal government had the right to have a bank under the "necessary and proper clause". Additionally the ruling stated that the Federal government has supremacy over the state.
The metropolitan area is a large population center consisting of one large metropolis and the surrounding area, or several neighboring central cities and the surrounding area. One or more big cities can act as a hub, and metropolitan areas are usually named according to the biggest or most important central city in them. An example is the Jabodetabek Metropolitan Area, where Jakarta is the core city and "Bodetabek" as the surrounding buffer zones have interdependent relations. Metropolitan is an urban system which means a collection of cities interacting and working together to achieve certain goals in a complex environment.
Before the neolithic revolution society itself did not exist people were largely nomad and used crude stone tools (This was called the Paleolithic era)
