Question
Which of the following constitutes constructive receipt in the year ended December 31, 2014? (a) A salary check received at 6:00 pm on 12/31/14, after
Which of the following constitutes constructive receipt in the year ended December 31, 2014?
(a) A salary check received at 6:00 pm on 12/31/14, after all banks have closed.
(b) A rent check received on 12/30/14 by the manager of an apartment complex. The manager normally collects the rent for the owner. The owner was out of town.
(c) A paycheck received on 12/29/14 that was not honored by the bank because the employers account did not have sufficient funds.
(d) A check received on 12/30/14. The check was postdated 1/02/15.
(e) A check received on 1/02/15. The check had been mailed on 12/30/14.
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