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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.

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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. --- Liabilities O 1) increase to one and decrease to another O 2) no effect ( 3) decrease 4) increase

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