Which of the Following Transactions and Events Results in a Decrease

Which of the following transactions and events results in a decrease in both total assets and net income?

A) The accrual of salaries expense at year-end.
B) Collecting cash from an account receivable.
C) Recognizing previously recorded deferred revenue as revenue.
D) Adjustment of the prepaid rent account for rent used during the perioD.Adjusting prepaid rent for rent used during the period reduces the prepaid rent (asset) account and recognizes a rent expense. The rent expense decreases net income.