13. Constructive Receipt will exist in "year one" if: I. II. The money is set apart for a client with no limitations or restrictions on her receiving it. An employee refuses to take a $70,000 termination settlement from his employer when he is fired because he is planning to sue for $2,000,000 next year and acceptance of the $70,000 will preclude him from suing. a. b. c. d. I only II only Both I and II Neither I nor II 14. Which of the following is (are) reasons that may make it more favorable to defer taxation (from year 1 to year 2)? I. II. Time value in money Change in return preparation software a. b. C. d. I only II only Both I and II Neither I nor II 15. Father owns an apartment building and tells the tenants to pay rent to his daughter. Which of the following statements is correct? a. The rents are income to the daughter. b. The rents are income to the father. c. The rents are income to both the father and the daughter. d. The rents are income to neither the father nor the daughter