Match each of the following behaviors with the appropriate bias, as discussed in the chapter. a. Wanda owns Happy Clam Oil Exploration, but due to recent events, the share price is down 30 percent from when she bought it. She doesn't want to sell now because it had previously been up as much as 25 percent. b. Drew doesn't believe his friends who tell him that he cannot time the market. He has been successful in making profits from his trades this past month and plans to continue his day trading. c. Yusuf has been watching the gold market go up and up, so he decides that since everyone is buying gold he needs to do so as well.

The following balance sheet for the los gatos corporation was prepared by a recently hired accountant. in reviewing the statement you notice several errors. los gatos corporation balance sheet at december 31, 2018 assets cash $ 44,000 accounts receivable 86,000 inventories 57,000 machinery (net) 122,000 franchise (net) 32,000 total assets $ 341,000 liabilities and shareholders' equity accounts payable $ 54,000 allowance for uncollectible accounts 7,000 note payable 59,000 bonds payable 112,000 shareholders' equity 109,000 total liabilities and shareholders' equity $ 341,000 additional information: cash includes a $22,000 restricted amount to be used for repayment of the bonds payable in 2022. the cost of the machinery is $194,000. accounts receivable includes a $22,000 note receivable from a customer due in 2021. the note payable includes accrued interest of $7,000. principal and interest are both due on february 1, 2019. the company began operations in 2013. income less dividends since inception of the company totals $37,000. 52,000 shares of no par common stock were issued in 2013. 200,000 shares are authorized. required: prepare a corrected, classified balance sheet. (amounts to be deducted should be indicated by a minus sign.)