At Year-End, It Was Forgotten to Accrue a $5,000 Expense

Multiple Choice

At year-end, it was forgotten to accrue a $5,000 expense. This will result in an:

A) understatement of assets, profit, and equity.
B) understatement of liabilities and an overstatement of profit and equity.
C) overstatement of liabilities and an understatement of profit and equity.
D) overstatement of assets, profit, and equity.