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tamaranim1 [39]
3 years ago
9

Live Wire Hot Rod Shop follows the revenue recognition principle. Live Wire services a car on July 31. The customer picks up the

vehicle on August 1 and mails the payment to Live Wire on August 5. Live Wire receives the check in the mail on August 6. When should Live Wire show that the revenue was recognized?
Social Studies
2 answers:
Sedbober [7]3 years ago
7 0

Answer:

July 31

Explanation:

Revenue from a service or good rented or purchased must be issued and recognized exactly on the day the service and good were chosen and reserved by the customer, even if the customer will not use the service or good at that time. day and even if payment is made on another day. In this case, we can state that Live Wire must show that the revenue was recognized on July 31, because it was on that day that it made the car available for customer service.

Leviafan [203]3 years ago
4 0

Answer:

The Live Wire show that the revenue was recognized on july 31

Explanation:

Here the Servicing of car as been done on July 31 , so revenue should be recognized on July 31 only, since the revenue is recognized at time of rendering service or selling goods.

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Answer:

Shihuangdi was emperor of the Qin dynasty (221–210 BCE) and creator of the first unified Chinese empire.

Explanation:

Shihuangdi was emperor of the Qin dynasty (221–210 BCE) and the creator of the first unified Chinese empire. He is also known for his interest in immortality, his huge funerary compound that contains some 8,000 life-sized terra-cotta soldiers, and for his contribution to the Great Wall of China.

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3 years ago
What is one element a topographic map shows?<br><br> Air flow<br> Climate<br> People<br> Relief
algol13

Answer:

it would be relief  

Explanation:

because Contour lines are an effective device for representing relief on topographic maps.

well that what i think

6 0
3 years ago
When young people go away to college, it's often the first time they make friends with people of substantially different class s
ahrayia [7]
I believe the answer is: <span>class consciousness
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5 0
3 years ago
The anti-federalist pushed for ?
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3 years ago
The television has undergone a large number of changes since its introduction. For example, Sony now produces not only color tel
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Answer:

- Extension.

Explanation:

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In the given question, the introduction of 'innovative products as televisions' by Sony that offers a variation in the established brand name of Sony in 'color television' would surely promote the increased sales and profits for the company. Such a strategy is categorized as 'product extension' that involves the extension of the similar product range.

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