Correct answers and explanation please
15) Which of the following situations might influence management to intentionally bias estimates for the financial statements and impede the use of good judgment? A) Earmings are on track to surpass analysts' forecasts B) Management's bonuses are tied to net income. C Employees work for commission. D) All of the above 16) An attitude that includes a questioning mind and a critical assessment of audit evidence is known as A) anchoring bias B) C) unprofessional behavior D) professional skepticism 17) Caesar Company needs to purchase a new delivery truck. Rather than taking the time to research which truck would best fit the company's needs, the manager calls his friend to ask which truck he would recommend. The manager is exhibiting A) bad judgment B) overconfidence bias C) availability bias D) anchoring bias 18) Bill Smith is on assignment for his first audit, when he runs into an accounting practice he's never with before. Rather than asking a more experienced colleague for advice, Bill decides he knows enough to handle it. After all, he passed the CPA exam, didn't he? Billis exhibiting_ A) arrogance bias B) overconfidence bias C) anchoring bias D) poor judgment 19) Airlines Insider is a well-respected publication for the airline industry. The publication prescribes a certair accounting treatment which differs from what is indicated in the Codification. How should this be handled? A) Follow the treatment discussed in Airlines Insider. w the treatment discussed in the Codification. C) Choose whichever treatment is most conservative. D) Create a blend of the two treatments. 20) Liacouras Corp, had beginning of year Retained Earmings of $450,000. During 2018, the company had declared dividends of $24,000, and earned net income of $78,000. What was the balance of Liacouras Corp's Earmings at the end of the year? A) B) $396,000 C)$450,000 D) $552,000 21) What is the effect on the accounting equation when a company receives payment when it provides services to a customer? A) Assets increase liabilities decrease Assets decrease; equity decreases CAssets increase; revenues increase D) Assets decrease; revenues increase