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the decision came four months after it first acknowledged the application. source: businessweek in this sentence, acknowledged means: paid compensation for destroyed or eliminated returned to a former condition reported the receipt of
The word "acknowledged" in the context of an application typically means to report the receipt of it. "Paid compensation for" is about giving money, which doesn't fit the context of an application. "Destroyed or eliminated" is the opposite of what would happen when dealing with an application. "Returned to a former condition" is also not relevant to the handling of an application.
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reported the receipt of