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All of the following are considered "constructive receipt_ of income, except: Lori was informed her check for services rendered was available but...

1. All of the following are considered “constructive receipt_ of income, except:
a. Lori was informed her check for services rendered was available but she did not pick it up.
b. Pierre earned income that was received by his agent but was not received by Pierre.
c. Jacque bought a 9-month certificate of deposit in November 2008. It earned $200 interest in 2008. She
can withdraw the principal and interest in 2008 if she pays a penalty of one month’s interest ($100).
d. A payment on a sale of real property place in escrow pending settlement at which time title would
convey.
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Accounting-8083770.doc

Question:
1. All of the following are considered “constructive receipt_ of income, except:
a. Lori was informed her check for services rendered was available but she did not pick it up.
b. Pierre...

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