On December 20,2016,Thomas,the CEO of Lifetime Corporation issues a $10,000 bonus check to Ana Maria.Thomas asks Ana Maria to hold the check until at least January 4,2017,when there will be enough deposits to cover the check.Ana Maria is not required to recognize the $10,000 in 2016 because of which of the following?
A) Claim-of-Right Doctrine.
B) Substance-Over-Form Doctrine.
C) Entity Concept.
D) Constructive Receipt Doctrine.
E) Arm's Length Transaction Concept.
Correct Answer:
Verified
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I.Capital
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