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  3. problem #2 (25 pts) john haley, ine, an accrual ba

PROBLEM #2 (25 pts) John Haley, Ine, an accrual basis taxpayer, acrued bonus expense to...

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Accounting

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PROBLEM #2 (25 pts) John Haley, Ine, an accrual basis taxpayer, acrued bonus expense to both of its cash basis shareholders, Phil and Susan, in 2015, Phil owns 60% and Susan owns 40% of the company. Both received their respective bonuses in January, 2016. ) and Susan received REQUIRED How much of the accrued bonus expense can John Haley, Inc. deduct in 2015? Please show and explain all your work

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