If a Required Unearned Revenue Adjustment Had Not Been Made

If a required unearned revenue adjustment had not been made, the financial statements would have been affected as follows:

A) net income understated, assets overstated, liabilities unaffected, and owner's equity overstated.
B) net income overstated, assets unaffected, liabilities understated, and owner's equity unaffected.
C) net income understated, assets unaffected, liabilities overstated, and owner's equity understated.
D) net income overstated, assets overstated, liabilities overstated, and owner's equity unaffected.