Which of the Following Statements Are Correct? for Accrual-Basis Accounting

Multiple Choice

Which of the following statements are correct? For accrual-basis accounting:
(1) record revenues when earned.
(2) record expenses when cash is paid.
For cash-basis accounting:
(3) record revenue when cash is received.
(4) record expenses when benefit is received.

A) (1) and (4) .
B) (2) and (3) .
C) (1) and (3) .
D) (2) and (4) .