If, at the End of a Period, Matthew Company Erroneously

Multiple Choice

If, at the end of a period, Matthew Company erroneously excluded some goods from its ending inventory and also erroneously did not record the purchase of these goods in its accounting records, these errors would cause

A) no effect on the company's net income, working capital, and retained earnings.
B) the company's cost of goods available for sale, cost of goods sold, and net income to be understated.
C) the company's ending inventory, cost of goods available for sale, and retained earnings to be understated.
D) the company's ending inventory, cost of goods sold, and retained earnings to be understated.