At the End of 20B,SAS Company Failed to Include Some

Multiple Choice

At the end of 20B,SAS Company failed to include some goods in its ending inventory and failed to record the purchase of these goods.For 20B,these two errors caused which of the following?

A) Goods available for sale,cost of goods sold,and income to be overstated.
B) Ending inventory,cost of goods sold,and retained earnings to be understated.
C) Ending inventory,goods available for sale,and retained earnings to be understated.
D) No effect on profit,working capital,or retained earnings.