Question 12 Which is the best definition of cash-basis reporting? O Cash-basis reports display income as of the date the customer payment is received/recorded and expenses as of the date a vendor bill is paid O Cash-basis reports display income and expenses as of the date recorded O Cash-basis reports display income as of the invoice date, and expenses as of the bill date O Cash-basis reports display income and expenses as of the invoice date Cash-basis reports display income and expenses as of the bill date