1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kramer
2 years ago
9

Hargrave professional group performs legal services on account. what is the effect of this transaction on the balance sheet equa

tion for hargrave?
Business
1 answer:
r-ruslan [8.4K]2 years ago
8 0

Hargrave professional group performs legal services on account. The effect of this transaction on the balance sheet equation for Hargrave is Increase in assets.

<h3>What is Asset?</h3>

An asset is considered a resource of the business which has an economic value in the future of the business and helps business activities to take place smoothly.

Hargrave professional group performs legal services on account which reflects the Buying and sales of goods and services on credit. So this refers to the incoming cash in the business which indicates the effect of this transaction on the balance sheet equation for Hargrave is an Increase in assets.

Learn more about Asset, here:

brainly.com/question/14404094

#SPJ4

You might be interested in
Which of the following priority rule will minimize the average flow time of jobs and also perform well in other measures such as
olga nikolaevna [1]

Answer:

LCFS

Explanation:

8 0
3 years ago
How is a free-market economy different from a mixed economy?
liraira [26]
A free economy has a 100% open economy with very little government interaction however a mixed economy is open to the public but is semi-closely regulated by the government.
3 0
3 years ago
Read 2 more answers
To​ economists, the social cost of unions depends primarily on
Arisa [49]
To economist, the social cost of union depends primarily on the people. People do not start their lives with fully developed theories about systems of society where unions are formed to fight for socialism. This organize monopolies to break down competition. 
4 0
3 years ago
What does reconciling an account mean?
Gala2k [10]

Reconciliation is the accounting process of comparing two data sets to ensure that the numbers are correct and consistent.

Reconciling bank statements simply means comparing your internal financial records with those provided by your bank. This process is critical to being able to identify anomalous transactions caused by fraud or accounting errors.

All businesses are required to reconcile their banks at least once a month. It is convenient to reconcile the books immediately after the end of the month, as at the end of the month your bank will send you a monthly statement that you can use as the basis for your reconciliation. Balance sheet reconciliation is the process of closing the balances of all individual companies.

Learn more about Reconciliation here:- brainly.com/question/15525383

#SPJ4

8 0
1 year ago
In 2006 Hewlett-Packard repurchased shares of common stock worth $5,241 million and made dividend payments of $894 million. Othe
Hunter-Best [27]

Answer:

B) Decreased $138 million

Explanation:

To determine the effects of long term debt accounts on HP's total cash flow form financing we can use the following formula:

HP's cash flow from financing = new shares issued - shares repurchased - dividend payments + cash flows related to long term debt account + income from other financing activities  

-$6,077 = $0 -$5,241 -$894 + X + $196

-$6,077 = -$5,939 + X

-$138 = X

HP's long term debt accounts decreased by $138

8 0
3 years ago
Other questions:
  • Singal Inc. is preparing its cash budget. It expects to have sales of $30,000 in January, $35,000 in February, and $20,000 in Ma
    9·2 answers
  • How does the following situation SHIFT the demand curve for an ice cream shop in a small town? A cup cake shop opens down the bl
    13·1 answer
  • What is the typical relationship between a person’s network size and the number of job leads they have?
    10·2 answers
  • Identify the statement about NGOs that is false.
    15·1 answer
  • In the post World War II period, considerable growth in total production took place in the United States. But at the same time,
    14·1 answer
  • Insight Guides,a line of travel books,provides travelers with background information about people's beliefs,values,and customs i
    11·1 answer
  • Linda, a manager at Addoso Inc., is writing a proposal on how a new work benefit will affect employees' attitude toward their jo
    6·2 answers
  • When using the​ _______ always be careful to avoid​ double-counting outcomes?
    15·1 answer
  • An open-end fund has a net asset value of $12.70 per share. It is sold with a front-end load of 8%. What is the offering price?
    7·1 answer
  • Kyle Corporation is comparing two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Under
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!