Aretha is an executive vice president of Franklin, Inc. On December 18, 2011, the Franklin, Inc., board

Question:

Aretha is an executive vice president of Franklin, Inc. On December 18, 2011, the Franklin, Inc., board of directors awards her a $20,000 bonus. Aretha asks Franklin's controller to delay processing the bonus check until January. The controller agrees to her request, and she receives the $20,000 bonus check on January 10, 2012.