Verification of the legitimacy of year-end unpaid bonuses to officers and employees can be accomplished by comparing the recorded accrual to the amount
A) in the expense account.
B) used in the prior period.
C) authorized in the minutes of the board.
D) paid in the subsequent period.

Question

Quizplus · Accepted Answer

Authorized in the minutes of the board provides a documented, official basis for verifying the legitimacy of year-end unpaid bonuses, ensuring they have been formally approved by the company's leadership.

Verification of the Legitimacy of Year-End Unpaid Bonuses to Officers