Consider the following transactions: 
Which of the above transactions increases profits?
Definitions:
Hindsight Bias
The tendency to believe, after an event has occurred, that one would have foreseen or predicted the outcome, often referred to as the "I-knew-it-all-along" effect.
Presidential Election
A formal decision-making process by which a country's citizens select the President, the head of the executive branch of government.
Overconfidence
The tendency to overestimate the accuracy of one’s knowledge and judgments.
Hindsight Bias
The habit of assuming, once an outcome is known, that it was predictable beforehand.
Q2: What was the cash flow from
Q9: Income tax expense was $200 000 for
Q12: The statement that compares the balance as
Q18: Which of the following is NOT an
Q21: A company buys 100 televisions for $500
Q21: Which of the following is NOT a
Q27: What was the value of the
Q39: Changing the rate of depreciation does NOT
Q39: Which accounting concept is involved in the
Q49: A $10 000 receipt was received from