Any Gains or Losses from the Early Extinguishment of Debt

Any gains or losses from the early extinguishment of debt should be

A) recognized in income of the period of extinguishment.
B) treated as an increase or decrease in Paid-In Capital.
C) allocated between a portion that is an increase (decrease) in Paid-In Capital and a portion that is recognized in current income.
D) amortized over the remaining original life of the extinguished debt.