3. Gains and losses resulting from remeasurement of foreign currency financial statements to the functional currency are displayed as a(n):

a. Part of equity in the balance sheet.

b. Extraordinary item in the income statement for the accounting period in which remeasurement takes place.

c. Ordinary item in the income statement for losses but deferred for gains.

d. Ordinary item in the income statement for the accounting period in which remeasurement takes place.