Business, 24.06.2021 23:40 KaylaMaria

Southern Company's accountant failed to accrue as of 12/31/19 some employee fringe benefit program expenses that were incurred in 2019 and that will be paid in 2020. The result of this omission is to: . A. overstate 2019 net income and understate non current liabilities at 12/31/19.
B. understate 2019 expenses and understate current liabilities at 12/31/19.
C. understate 2019 expenses and overstate current liabilities at 12/31/19.
D. understate 2019 net income and overstate assets at 12/31/19.

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