Income statement for the three months

Reference no: EM13151430

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) $180,000.

D) $720,000.

Reference no: EM13151430

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