Current GAAP Requires a Company to Recognize in Its Current

Current GAAP requires a company to recognize in its current net income any gain or loss from a change in the fair value of the derivative for a $\begin{array}{lll}& \text { Fair Value Hedge}& \text { Cash Flow Hedge}\\\text { I. } & \text { yes } & \text { yes } \\\text { II. } & \text { yes } & \text { no } \\\text { III. } & \text { no } & \text { no } \\\text { IV. } & \text { no } & \text { yes }\end{array}$

A) I
B) II
C) III
D) IV