Consider these statements about the Cash Basis vs. Accrual Basis of accounting and determine which are correct. I. Cash basis tends to distort actual month-to-month profit \& loss results. II. With accrual accounting, revenue is recoded when it is earned and expenses are recognized when disbursements are made. III. With the cash basis method, monthly profit will equal the change in the cash account. Select one: a. One is true. b. Two are true. c. All are true. d. All are false