Question: Q - mart failed to include inventory that was kept in a separate warehouse in its end - of - the - period inventory count.

Q-mart failed to include inventory that was kept in a separate warehouse in its end-of-the-period inventory count. Explain how this error will affect this year's balance sheet.
Multiple select question.
This year's total equity will be understated.
This year's total assets will be understated.
This year's total equity will be overstated.
This year's total assets will be overstated.
Multiple select question.
The current year's cost of goods sold will be too low.
The current year's net income will be too low.
The current year's net income will be too high.
The current year's cost of goods sold will be too high.

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