Under the Accrual Basis of Accounting, Which of the Following

Under the accrual basis of accounting, which of the following statements is true?

I. Reported net income provides a measure of operating performance.
II. Revenue is recognized when cash is received, and expenses are recognized when payment is made.
III. Cash inflows are recognized when they are received, and cash outflows are recognized when they are made.

A) I only
B) III only
C) I and III
D) I, II, and III