How Should Changes in the Fair Value of Derivatives Be

How should changes in the fair value of derivatives be reported in a government's financial statements?

A) Gains or losses in the government-wide statement of activities.
B) Losses but not gains in general fund statements of revenues, expenditures, and changes in fund balance.
C) Gains or losses in the government-wide statement of activities, except for derivatives that qualify as hedges.
D) Only disclosed in the notes.