Question: =+SA 11-2 Recognizing pension expense 530 Chapter 11 Current Liabilities and Payroll Paul Sheile, the owner of Sheile Trucking Company, initiated an executive bonus plan

=+SA 11-2 Recognizing pension expense 530 Chapter 11 Current Liabilities and Payroll Paul Sheile, the owner of Sheile Trucking Company, initiated an executive bonus plan for his chief executive officer (CEO). The new plan provides a bonus to the CEO equal to 3% of the income before taxes. Upon learning of the new bonus arrangement, the CEO issued instructions to change the company’s accounting for trucks. The CEO has asked the controller to make the following two changes:

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