Question 6 Choose the correct answer Not yet answered Under the accrual basis of accounting Marked out of 1.00 1) Revenues are reported on the income statement when they are earned P Flag question ii) Revenues are reported on the income statement when the cash is received iii) Expenses should be recorded during the period in which they are incurred, regardless of when the transfer of cash occurs Select one: a. All of the above are true b. Only option ii, and iii are true a . Only option i, and ii are true od Only option i, and iii are true