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| With respect to a hedge undertaken in the Lacrosse subsidiary that utilizes a put option to protect one of its equity investments, which of the following best describes the accounting treatment for the hedge under U.S. GAAP? A. Unrealized gains and losses from the derivative are recognized in the income statement. B. Unrealized gains and losses from the derivative bypass the income statement and are reported in shareholders’ equity as part of other comprehensive income. C. Only realized gains and losses from the derivative are recognized in the income statement. |