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3 Question 1 (1 point) What is the effect of the following business activity on the element indicated? A month-end accrual is made for your

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3 Question 1 (1 point) What is the effect of the following business activity on the element indicated? A month-end accrual is made for your business: revenues, $24,450; expenses, $22,500; 25% tax rate. --- Expenses 1) increase O2) increase to one and decrease to another 3) no effect 4) decrease

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