Assignments: ACCT 140 UC WP HOMEWORK CH 6-GRAD X HOMEWORK CH 8-GRAD X HOMEWORK CH 9-GRADE X ADAPTIVE PRACTICE CH 10 x y.com/was/ui/v2/assessment-player/index.html?launchld=d8d339ee-2a28-4fba-b60a-0716d3d1bdf1#/question/2 RADED Question 3 of 8 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. 3.33/5 Du Plessis Corporation incorrectly recorded $20,700 of goods held on consignment for another company as a purchase on account during the year ended December 31, 2021. The physical inventory count, which included the consigned goods, agreed with the perpetual inventory accounting records at year end. What effect, if any, will this error have on total assets, liabilities, and shareholders' equity at December 31, 2021, assuming the company does not detect this error before year end? Total assets Total liabilities Overstated Overstated 25000 25000 Shareholders equity Not be affected $ 0 eTextbook and Media Save for Later f2 * 2 # 3 $ 4 15 40 % A- 5 6 Attempts: 2 of 3 used Submit Answer 17 + fa fg 90 ID & 7 * 8 00 6 441