At the End of the Current Year, a Company Paid

At the end of the current year, a company paid cash to acquire a storage facility with plans to use it in its business activities for several years. Choose the TRUE statement.

A) In the current year, total assets will decrease and stockholders' equity will decrease.
B) In the current year, total assets will decrease and stockholders' equity will increase.
C) This year, this activity will be reported as a cash outflow from investing activities on the Statement of Cash Flows.
D) This year, this activity will not result in any changes to the balance sheet or the income statement.