When the financial year finished, a manufacturing business still had rent outstanding for its factory. It then made an adjustment to its financial statements to reflect this. What effects did this adjustment have?
- Aprime cost decrease, cost of production decrease, gross profit increase
- Bprime cost no effect, cost of production increase, gross profit decrease
- Cprime cost no effect, cost of production no effect, gross profit decrease
- Dprime cost increase, cost of production increase, gross profit decrease