Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik

Exercise 26

In March 2013, Archibald Company estimated its year-end executive bonuses to be $1,000,000. The executive bonus paid in 2012 was $950,000. What amount of bonus expense, if any, should Archibald recognize in determining net income for the first quarter of 2013
a. -0-.
b. $237,500.
c. $250,000.
d. $1,000,000.