If a Company Forgot to Record Depreciation on Office Equipment

Multiple Choice

If a company 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 overstated and equity understated.
B) Assets and equity both understated.
C) Assets overstated,net income understated,and equity overstated.
D) Assets,net income,and equity understated.
E) Assets,net income,and equity overstated.