Consider these statements about the Cash Basis vs. Accrual Basis of accounting and determine which are correct. 1. Cash basis focuses on anticipated revenues and expenses rather than actual payments. II. The primary difference between cash and accrual basis accounting is in the timing of revenue and expense recognition III. Accrual basis accurately shows when revenues are received and expenses are paid. Select one: a. One is true. b. Two are true. c. All are true. d. All are false