Which of the following is not correct with respect to accrual accounting?

Multiple Choice $$

Accrual accounting can produce large discrepancies between the firm's reported profit performance and the amount of cash generated from operations.

The principles that govern revenue and expense recognition under accrual accounting are designed to alleviate the mismatching problems that exist under cash$-$basis accounting. $$

Reported accrual accounting net income for a period always provides an accurate picture of underlying economic performance. $$

Accrual accounting does not decouple measured earnings from operating cash inflows and outflows.