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full disclosure principles. QUESTION 31 The difference between the cost of a depreciable asset and its related accumulated depreciation is referred to as the market value of the asset. blue book value of the asset. book value of the asset. depreciated difference of the asset. QUESTION 32 Sebastian Belle. CPA, has billed her clients for services performed. She subsequently receives payments from her clients. What entry will Sebastian make upon receipt of the payments? Debit Unearned Service Revenue and credit Service Revenue Debit Cash and credit Accounts Receivable Debit Accounts Receivable and credit Service Revenue Debit Cash and credit Service Revenue QUESTION 33 Click Save and submit to me and submit. Click Save A s to swall and DOLL on Status adjusted trial balance. QUESTION 29 The balance in the Prepaid Rent account before adjustment at the end of the year is 521.000, which represents three months' rent paid on December 1. The adjusting entry required on December 31 is to debit Rent Expense. 57.000: credit Prepaid Rent 57.000 debit Rent Expense. $14.000 credit Prepaid Rent $14.000 debit Prepaid Rent. $7.000 credit Rent Expense. 57.000 debit Prepaid Rent. $14.000 credit Rent Expense. 514.000 QUESTION 30 Valuing assets at their fair value rather than at their cost is inconsistent with the economic entity assumption. historical cost principle periodicity assumption. full disclosure principles. QUESTION 31 Click Save and Submit to save and submit. Click Save All Answers to save all ansters DOLL

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