Which of the Following Statements Is True

Which of the following statements is true?

A) An off-balance-sheet item is recorded on the balance sheet of a financial institution when the annual report is being prepared.
B) An off-balance-sheet liability is an item that moves onto the liability side of the balance sheet when a contingent event occurs.
C) An off-balance-sheet asset is an item that moves onto the asset side of the balance sheet when a contingent event occurs or at the end of a financial period.
D) All of the listed options are correct.