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A furniture factory's employees work overtime to finish an order that is sold on February 28. The office sends a statement to the customer in
A furniture factory's employees work overtime to finish an order that is sold on February 28. The office sends a statement to the customer in early March and payment is received by mid-March. According to the expense recognition criteria the overtime wages should be expensed in
a) the period when the workers receive their cheques
b) either in February or March depending on when the pay period ends
c) February.
d)March.
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