A company failed to record utilities consumed during the period. It will be billed for the utilities during the next accounting period.

As a result, current period assets, liabilities, equity, and income, respectively, are: a. Overstated, overstated, correct, correct b. Correct, understated, overstated, overstated c. Overstated, understated, overstated, overstated d. Overstated, understated, correct, correct