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?

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.

the economic difference between the three colonial regions. shipbuilding, whaling, fishing, and trapping where also main factors to the economy. the southern regional colonies economy was based on sugarcane, rice, cotton, tobacco, and indigo.

all freedom fighters demanded for constitution. so british finally granted india it's freedom. then a constituent assembly was formed. it's chair man was rajendra prasad and its deputy chairman was dr. br ambedkar.

this assembly take the time of about one year than our constitution was finally formed.

explanation: