Which of the following would be considered "constructively received?"
i. interest credited to a savings account
ii. a check received after banking hours
iii. a paycheck received from employer, when employer does not have funds in the bank to cover the check
a. I only
b. II only
c. III only
d. I & II only
e. None of above
I & II are both received under constructive receipt. III is not received under ...
This solution provides the correct answer with complete explanation to the constructive income multiple choice question listed.