A Foreign Currency Transaction Gain or Loss Is

A foreign currency transaction gain or loss is:

A) A change in the exchange rate quoted by a foreign currency dealer
B) A term synonymous with translation of a foreign currency to U.S. dollars
C) The difference between the recorded U.S. dollar amount of a trade account receivable or a trade account payable denominated in a foreign currency and the amount of U.S. dollars ultimately received or paid
D) A change from the current/noncurrent method to the monetary/nonmonetary method of remeasuring a foreign investee's financial statements to the U.S. dollar functional currency