If a Company Mistakenly Forgot to Record Depreciation on Office

Multiple Choice

If a company mistakenly forgot to record depreciation on office equipment at the end of an accounting period, the financial statements prepared at that time would show:

A) Assets, net income, and equity understated.
B) Assets overstated and equity understated.
C) Assets and equity both understated.
D) Assets, net income, and equity overstated.
E) Assets overstated, net income understated, and equity overstated.