Q4. On March 15, a business receives an invoice from the power company for utilities used in February. The retailer pays
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Q4. On March 15, a business receives an invoice from the power company for utilities used in February. The retailer pays
Q4. On March 15, a business receives an invoice from the power company for utilities used in February. The retailer pays the invoice on April 1. The business uses accrual-based accounting. Which month should the business recognize the expense?