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51 10 points 1.50 points Kelton Inc. purchases inventory for $2,000 and incurs shipping costs of $100 for the goods to be delivered. To record
51 10 points 1.50 points Kelton Inc. purchases inventory for $2,000 and incurs shipping costs of $100 for the goods to be delivered. To record this transaction, the company debits Inventory for $2,000, debits Selling Expenses for $100, and credits Cash for $2,100. Which of the following statements is correct? ONet income is overstated. All accounts are accurately stated O Revenues are understated. O Assets are understated
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