A New Partner Was Admitted but the Assets Weren't Revalued

Multiple Choice

A new partner was admitted but the assets weren't revalued.A revaluation would have decreased the equity of the partner and partnership.This error would cause:

A) future periods' net income to be understated.
B) future periods' net income to be overstated.
C) this period's end assets to be understated.
D) new partner's capital to be overstated.