Widner Company Understated Its Inventory by $10,000 at December 31

Multiple Choice

Widner Company understated its inventory by $10,000 at December 31, 2013. It did not correct the error in 2013 or 2014. As a result, Widner's equity was:

A) understated at December 31, 2013, and overstated at December 31, 2014.
B) understated at December 31, 2013, and properly stated at December 31, 2014.
C) overstated at December 31, 2013, and overstated at December 31, 2014.
D) understated at December 31, 2013, and understated at December 31, 2014.