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Question 1: A company acquires parts from a supplier on January 19. It uses those parts to produce a batch of products on February 2. The company sells and delivers the products on February 28. The company pays the supplier on March 24. On what date should the company recognize the expense associated with acquiring the parts?
Group of answer choices
A) February 28
B) January 11
C) February 2
D) March 24
E) January 19
Financial Statement Analysis and Preparation
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