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On February 15, a company enters into an operating lease for office space and receives control of the property to make leasehold improvements. The company
On February 15, a company enters into an operating lease for office space and receives control of the property to make leasehold improvements. The company begins alterations to the property on April 12 and the company's staff moves into the property on July 1. The monthly lease payments begin on August 1. The recognition of lease expense for the new offices should begin in which of the following months
A. February
B. August
C. April
D. July
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