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Carter Co. placed an order for a machine on January 5. The company received the...

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Accounting

Carter Co. placed an order for a machine on January 5. The company received the machine on January 20. The company installed the machine on 29 January and started production from 1 February. The company paid the amount due for the machine on February 5. On which date will Carter recognize the liability for the purchase of machine? Group of answer choices 5th January 20th January 29th January 1st February 5th February

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