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Question 4 (1 point) What is the effect of the following business activity on the element indicated? Paid for 6 months of rent in advance,

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Question 4 (1 point) What is the effect of the following business activity on the element indicated? Paid for 6 months of rent in advance, $7.200. You will move in next month. - Assets 1) decrease 2) increase to one and decrease to another 3) increase 4) no effect

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