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What is the effect of the following business activity on the element indicated? The month-end accrual for income taxes (20%) is made; revenues, $36,890; expenses,

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What is the effect of the following business activity on the element indicated? The month-end accrual for income taxes (20%) is made; revenues, $36,890; expenses, $33,810. -. Assets 1) increase to one and decrease to another 2) decrease 3) increase 4) no effect

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