Is this correct

Which of the following is correct regarding gain or loss on disposal of a long-lived asset? Failure to report a gain on the sale of an asset results in an overstatement of net income. Failure to report a gain on the sale of an asset results in an understatement of stockholders' equity. Failure to report a loss on the sale of an asset results in an understatement of earnings per share. Failure to report a toss on the sale of an asset results in an understatement of net income