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What is the effect of the following business activity on the element indicated? Received inventory worth $6,200 from your supplier, purchased with terms 1/5, n/15.

What is the effect of the following business activity on the element indicated? Received inventory worth $6,200 from your supplier, purchased with terms 1/5, n/15. --- Liabilities Question 1 options:

increase

increase to one and decrease to another

decrease

no effect

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