In january 2011 post inc. estimated that its year-end bonus, Ask an Expert

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In January 2011, Post, Inc. estimated that its year-end bonus to executives would be $720,000 for 2011. The actual amount paid for the year-end bonus for 2010 was $660,000. The estimate for 2011 is subject to year-end adjustment. What amount, if any, of expense should be reflected in Post's quarterly income statement for the three months ended March 31, 2011?

a $ -0-

b $165,000

c $720,000

d $180,000

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Category:- Accounting Basics
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