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What is the effect of the following business activity on the element indicated? Received inventory worth $2,450 from your supplier, purchased with terms 2/15, n/40.

image text in transcribed What is the effect of the following business activity on the element indicated? Received inventory worth $2,450 from your supplier, purchased with terms 2/15, n/40. --- Expenses 1) decrease 2) increase to one and decrease to another 3) increase 4) no effect

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