At the end of the fiscal year, the usual adjusting entry to accrue wages due on the last day of the fiscal period was omitted. Which of the following is true?

a. the balance sheet and income statement will be misstated but the statement of stockholders' equity will be correct for the current year

b. total assets will be understated at the end of the current year

c .total assets and total liabilities will be understated

d.net income will be overstated for the current year