Which of the Following Statements Is True Concerning Forward Contracts

Which of the following statements is true concerning forward contracts classified as hedges of an identifiable foreign currency commitment?

A) ​Forward contracts used as hedges cannot exceed the foreign currency commitment.
B) ​Forward contracts cannot extend for a time period after the transaction date of the commitment.
C) ​The gain or loss traceable to the time period after the transaction date of the commitment are treated as a hedge of a receivable or payable.
D) ​None of these statements is true.