Failure to Make an Adjusting Entry to Recognize Rent Revenue

Multiple Choice

Failure to make an adjusting entry to recognize rent revenue receivable would cause which of the following?

A) An understatement of assets,net income,and stockholders' equity.
B) An overstatement of assets and stockholders' equity and an understatement of net income.
C) No effect on assets,liabilities,net income,or stockholders' equity.
D) An overstatement of assets,net income,and stockholders' equity.