If a company fails to make an adjusting entry to record depreciation on a fixed asset, then the accounting equation will be misstated as follows for: Assets, Liabilities, Stockholders' Equity Understated, Understated, No Effect OA. Understated, No Effect, Understated B. No Effect, Understated, Overstated C. Overstated, Overstated, Understated D. E. Overstated, No Effect, Overstated