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What is the effect of the following business activity on the element indicated? Pay $95 in interest on a loan. The interest was appropriately accrued
What is the effect of the following business activity on the element indicated? Pay $95 in interest on a loan. The interest was appropriately accrued at the end of last year. --- Expenses Question 3 options:
1)
increase to one and decrease to another
2)
no effect
3)
decrease
4)
increase
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