Under U.S.GAAP,where are changes in the fair value of derivatives reported?
A)as part of "Accumulated Other Comprehensive Income" on the Balance Sheet
B)They are not recognized until the options are exercised.
C)Retained Earnings
D)None of the above

Question

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Under U.S. GAAP, changes in the fair value of derivatives are reported as part of "Accumulated Other Comprehensive Income" on the Balance Sheet. This includes derivatives held for hedging purposes, as well as those held for trading purposes. The changes in fair value are not recognized in the income statement until the underlying hedged item affects earnings or until the derivative is settled or sold.

Under USGAAP,where Are Changes in the Fair Value of Derivatives Reported