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What amount of expense should be reflected

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Question - In January 2021, Bonita Industries estimated that its year-end bonus to executives would be $1040000 for 2021. The actual amount paid for the year-end bonus for 2020 was $960000. The estimate for 2021 is subject to year-end adjustment. What amount, if any, of expense should be reflected in Bonita's quarterly income statement for the three months ended March 31, 2021?

a. $260000.

b. $1040000.

c. $240000.

d. $ -0-.

Reference no: EM132789804

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