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What is the effect of the following business activity on the element indicated? Sold product to a customer for $2,450 cash. The cost of the

What is the effect of the following business activity on the element indicated? Sold product to a customer for $2,450 cash. The cost of the inventory was $1,500. --- Expenses Question 3 options: 1) increase 2) no effect 3) increase to one and decrease to another 4) decrease

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