In the following question, a statement of Assertion (A) followed by a statement of Reason (R) is given. Choose the correct answer out of the following choices:
Assertion (A): Acetanilide is less basic than aniline.
Reason (R): Acetylation of aniline results in the decrease of electron density on nitrogen.
(i) Both assertion and reason are wrong.
(ii) Both assertion and reason are correct statements but reason is not correct explanation of assertion.
(iii) Assertion is correct statement but reason is wrong statement.
(iv) Both assertion and reason are correct statements and reason is correct explanation of assertion.
(v) Assertion is wrong statement but reason is correct statement.
(iv) Both assertion and reason are correct statements and reason is correct explanation of assertion.