Answered: Which of the following is considered or…

Business

Accounting

Which of the following is considered or construed as an example of "constructive receipt"?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Which of the following is considered or construed as an example of "constructive receipt"?

a.Retirement benefits, pensions, gratuities

b.Deposits for rentals to answer for damages, restricted as to use

c.Interest coupons that have matured and are payable but have been cashed

d.Fees paid to a public official

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