Accounting for Hedges Acquired for Speculative Purposes Requires That the Hedges

Accounting for hedges acquired for speculative purposes requires that the hedges are recorded at :

A) their actual values and gains and losses from the hedges are not shown in the accounting records.
B) as historical costs and always carried at those costs.
C) at market value and gains and losses from the hedges are recorded periodically.
D) at historical costs but their values are adjusted periodically to reflect market values.