Southern Company's accountant failed to accrue as of 12/31/16 some employee fringe benefit program expenses that were incurred in 2016 and that will be paid in 2017. The result of this omission is to:
a. not affect the current ratio at 12/31/16 but to overstate ROI and ROE for the year ended 12/31/16.
b. understate the current ratio at 12/31/16 and understate ROI and ROE for the year ended 12/31/16.
c. overstate the current ratio at 12/31/16 and understate ROI and ROE for the year ended 12/31/16.
d. overstate the current ratio at 12/31/16 and overstate ROI and ROE for the year ended 12/31/16.
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