3-35 constructive receipt. which of the following constitutes constructive receipt in the current year ended december 31? a. a salary check received at 6: 00 p. m. on december 31, after all the banks have closed. b. a rent check received on december 30 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 december 29 that was not honored by the bank because the employer’s account did not have sufficient funds. d. a check received on december 30. the check was postdated january 2 of the following year by a customer who said he hoped to have the money by then. e. a check received on january 2. the check had been mailed on december 30.

Alpine west, inc., operates a downhill ski area near lake tahoe, california. an all-day, adult ticket can be purchased for $55. adult customers also can purchase a season pass that entitles the pass holder to ski any day during the season, which typically runs from december 1 through april 30. the season pass is nontransferable, and the $450 price is nonrefundable. alpine expects its season pass holders to use their passes equally throughout the season. the company’s fiscal year ends on december 31. on november 6, 2009, jake lawson purchased a season ticket. required: 1. when should alpine west recognize revenue from the sale of its season passes? 2. prepare the appropriate journal entries that alpine would record on november 6 and december 31. 3. what will be included in the 2009 income statement and 2009 balance sheet related to the sale of the season pass to jake lawson?