Question: On December 1 2 , 2 0 1 8 , Hauck Company, a calendar year, cash basis business, mailed a $ 5 , 6 0

On December 12,2018, Hauck Company, a calendar year, cash basis business, mailed a $5,600 bill to Mrs. Wilder for professional services rendered during the month of November. Mrs. Wilder dropped off her $5,600 check at Hauck's office on December 28, but the company secretary did not deposit the check in Hauck's bank account until January 3. Which of the following statements is true?
Group of answer choices
According to the substance over form doctrine, Hauck does not recognize $5,600 income until 2019.
According to the constructive receipt doctrine, Hauck must recognize $5,600 income in 2018.
As a cash basis taxpayer, Hauck does not recognize $5,600 income until 2019.
As a cash basis taxpayer, Hauck can elect to recognize $5,600 income in either 2018 or 2019.

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