c . net income , current assets , and current liabilities were overstated .
d . net income and current liabilities were overstated .
43 . Green Co . received merchandise on consignment . As of January 31 , Green included the goods in inventory , but did not record the transaction . The effect of this on its financial statements for January 31 would be
a . net income , current assets , and retained earnings were overstated .
b . net income was correct and current assets were understated .
c . net income and current assets were overstated and current liabilities were understated .
d . net income , current assets , and retained earnings were understated .
44 . Feine Co . accepted delivery of merchandise which it purchased on account . As of December 31 , Feine had recorded