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.
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