In the Case of a Forward Contract Used to Hedge

In the case of a forward contract used to hedge a foreign currency commitment,

A) the gain or loss on the contract should be deferred and included in the measurement of the related foreign currency transaction.
B) the gain or loss on the contract should be recognized in the period in which the exchange rate changes.
C) the premium or discount must be written off over the life on the contract.
D) the related foreign currency transaction will be recorded on the books at the rate in effect when title passes.