Which of the following statements is correct with respect to the use of fair value accounting for liabilities under IFRS?A$)$ Both IFRS and U$.$S$.$ GAAP require changes in credit quality to be recorded in operating income.B$)$ The fair value option is permitted under IFRS only under two specific sets of circumstances.C$)$ U$.$S$.$ GAAP is more restrictive than IFRS regarding the use of fair value accounting for liabilities.D$)$ Fair value accounting under IFRS is only permitted if the liabilities are actively managed on a fair value basis as part of the companys documented risk management or investment strategy.