At Year-End the Bookkeeper Forgot to Accrue an Income Item

Multiple Choice

At year-end the bookkeeper forgot to accrue an income item. This will result in an:

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