Which Item Below Is Reported Differently Using U

Multiple Choice

Which item below is reported differently using U.S. GAAP versus IFRS?

A) Changes in the intrinsic value of options used as fair value hedges of inventory.
B) Designation of interest rate swaps as cash flow hedges or fair value hedges.
C) Changes in the intrinsic value of fair value interest rate swaps used to hedge fixed rate obligations.
D) Differences between spot and futures rates for fair value hedges of inventory using futures.