Which of the following statements is not true for insurance? OA. When the risk differs significantly from the contract period, revenue is recognized over the period of risk in proportion to the amount of insurance protection, OB. Realized gains and losses from investments are reported in nonoperation in the period incurred t OC. In general, the duration of the contract governs the revenue recognition. OD. For long-duration contracts, revenue is recognized when the premium is due from policyholders