Which of the Following Is True About Accrual-Basis Accounting

Multiple Choice

Which of the following is true about accrual-basis accounting?

A) Income is generally larger with accrual-basis accounting.
B) Accrual-basis accounting provides a better measure of performance.
C) Accrual-basis accounting is not required by GAAP.
D) Accrual-basis accounting and cash-basis accounting always produce the same results.