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What is the effect of the business activity on the element

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Reference no: EM132702247

Problem 1: What is the effect of the following business activity on the element indicated? You are the buyer, shipping terms are FOB shipping point and the cost is $50 cash. --- Assets

options:

1) no effect

2) increase to one and decrease to another

3) increase

4) decrease

Reference no: EM132702247

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