If the Temporal Method for Translating Foreign Currency Financial Statements

If the temporal method for translating foreign currency financial statements into the reporting or functional currency is used, then

A) Any gains or losses must flow through the income statement and affect directly the amount of net income reported.
B) The current spot exchange rate on the statement date is used to translate all monetary items.
C) A decrease in the value of the local currency relative to the reporting or functional currency will always result in a translation loss.
D) All of the statements above are correct.
E) Only statements a and b are correct.