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Question 3 (1 point) What is the effect of the following business activity on the element indicated? Purchased inventory for cash, $2,560,- Liabilities 1) decrease

Question 3 (1 point) What is the effect of the following business activity on the element indicated? Purchased inventory for cash, $2,560,- Liabilities 1) decrease 2) increase 3) no effect 4) increase to one and decrease to another

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