Question 16 1 pts Which of the following is correct? Failure to report again on the sale of an asset results in an understatement of stockholders' equity Failure to report again on the sale of an asset results in an overstatement of net income. Failure to report a loss on the sale of an asset results in an understatement of net income Failure to report a loss on the sale of an asset results in an understatement of earnings per share. Cutie 17