Which of the Following Transactions Would Cause a Decrease in Both

question 132

Multiple Choice

Which of the following transactions would cause a decrease in both assets and stockholders' equity?

• A)Paying insurance premium for the next two years.
• B)Purchasing office equipment on account.
• C)Paying advertising for the current month.
• D)Providing installation services to customers.

---

Definitions:

Childfree

The decision or condition of not having children by choice, focusing on personal, social, or environmental reasons.

Same-Sex Couple

A romantic partnership between two individuals of the same sex or gender identity.

Social Development

The process by which individuals learn to interact with others and to function successfully within society.

Same-Sex Couple

A romantic partnership between two individuals of the same gender, recognized in social and legal contexts.