Which of the Following Statements Is Correct with Respect to AASB

Which of the following statements is correct with respect to AASB 121 The Effects of Changes in Foreign Exchange Rates?

A) When there is a change in an entity's functional currency, the entity shall apply the translation procedures applicable to the new functional currency prospectively from the date of the change.
B) When there is a change in an entity's functional currency, the entity shall apply the translation procedures applicable to the new functional currency retrospectively from the date of the change.
C) Exchange differences arising from the translation of long-term monetary items are recognised in profit or loss on settlement.
D) Exchange differences arising from long-term monetary items are deferred and amortised into operating profit or loss over the term of the long-term monetary asset or liability.