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On January 1, a company enters into an operating lease for office space and receives control of the property to make leasehold improvements. The company
On January 1, 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 March 1 and the company's staff moves into the property on May 1. The monthly rental payments begin on July 1. The recognition of lease expense for the new offices should begin in which of the following months? January. March. May. July
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