A) A shoe store acquires a large supply of shoe polish from a supplier 8) A manufacturer pays a company a fee to license that company's 11) Which of the following transactions will most likely result in a los reported on the income statement? proprietary technology C) A bank pays more interest than expected on customers' savings accounts D)A grocery store sells marketable securities after a decline in value. 12) Bay City Corporation received $21,000 for 12 months rent in advance What entry is used to record this transaction? A) Cash 21,000 Prepaid Rent 21,000 B) Rent Expense 21,000 Cash 21,000 C) Cash 21,000 Unearned Revenue 21,000 D) Unearned Revenue 21,000 Rent Revenue 21,000 13) Failing to adequately weigh information which is inconsistent with an individual's initial beliefs is known as A) the anchoring bias B) the overconfidence bias C) the groupthink bias 8 D) the confirmatory bias