1. On January 1, 2016, a company’s new president was awarded a $200,000 bonus that would be paid out in two $100,000 installments in 2018 (year 3) and 2019 (year 4) of employment, contingent on employment through the year ending December 31, 2017. How much should the company expense for this bonus in 2017 and 2018?
a. $0 for 2017; $100,000 for 2018
b. $100,000 for 2017 and $0 for 2018
c. $100,000 for 2017 and $100,000 for 2018
d. $200,000 for 2017 and $0 for 2018
Pretty sure the answer is C, an explanation would be greatly appreciated.
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