How Were Derivative Transactions Originally Recorded by Corporations

How were derivative transactions originally recorded by corporations?

A) They were not recorded directly in a corporation's books and records but were reflected as off-balance sheet transactions.
B) They were recorded as assets at their original costs,and the profit or loss was recorded when the derivatives were sold.
C) They were recorded as assets at their original costs,and those costs were adjusted periodically to reflect gains or losses in value.
D) They were not recorded as assets or liabilities until they matured and the profit or loss could be determined.