John owns interest coupons that mature on december 31 2011

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John owns interest coupons that mature on December 31, 2011. The coupons can be converted into cash at any bank at maturity. John does NOT convert the coupons to cash until 2012. John: (Points : 2) will recognize income under the constructive receipt doctrine in 2011. will recognize income in 2012 when converted. will realize but not recognize income in 2012. will realize but not recognize income in 2011. None of the above

Reference no: EM13606849

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