Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik

Exercise 51

In March 2011, Archibald Company estimated its year-end executive bonuses to be $1,000,000.The executive bonus paid in 2010 was $950,000.What amount of bonus expense, if any, should Archibald recognize in determining net income for the first quarter of 2011
a.-0-.
b.$237,500.
c.$250,000.
d.$1,000,000.