Which of the following transactions would cause a decrease in both assets and stockholders' equity? Answer Paying insurance premium for the next two years. Purchasing office equipment on account. Paying advertising for the current month. Providing installation services to customers.

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

		Paying insurance premium for the next two years.
		Purchasing office equipment on account.
		Paying advertising for the current month.
		Providing installation services to customers.

Answer
Paying advertising for the current month.