During its trading year, a business spent $5750 on advertising. Included in this total was $500 that related to the following financial year. What impact would the proper treatment of the $500 have on the financial statements?
- Aprofit for the year: decrease; net current assets: decrease
- Bprofit for the year: decrease; net current assets: increase
- Cprofit for the year: increase; net current assets: decrease
- Dprofit for the year: increase; net current assets: increase