Which of the following statements are true under the accrual basis of accounting? Expenses are always recognized in the period they are paid. Making sales near the end of the year that are not delivered by the end of the year will increase reported income for the year. Expenditures for expenses that benefit future periods are initially recorded as assets. Revenue is recognized when performance is complete and collection is reasonably assured. Dividends paid reduce income for the year. Revenue is only recognized when cash is received since there is uncertainty until collection occurs