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zmey [24]
3 years ago
14

In January 2015, Post, Inc. estimated that its year-end bonus to executives would be $840,000 for 2015. The actual amount paid f

or the year-end bonus for 2014 was $770,000. The estimate for 2015 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, 2015?a. $ 0. b. $192,500. c. $210,000. d. $840,000.
Business
1 answer:
Juli2301 [7.4K]3 years ago
3 0

Answer:

c. $210,000.

Explanation:

amount of expense to be reflected in Post's quarterly income statement

= 840,000 / 4

= $210,000

Therefore, The amount of expense that should be reflected in Post's quarterly income statement for the three months ended March 31 is $210,00.

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Pr 12-2b bond discount, entries for bonds payable transactions
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<span>1. journalize the entry to record the amount of cash proceeds from the issuance of the bonds on july 1, 2016.

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</span><span>2. journalize the entries to record the following: 
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