Which one of the following is not an example of hedge accounting for a U.S. company? Select one: 

a. Changes in the value of a hedge of a forecasted sale denominated in euros are reported in other comprehensive income until the sale is made; the sale itself is reported as revenue when the sale is made. 

b. Changes in the value of a euro-denominated purchase order are reported in income; changes in the value of the related hedge are also reported in income. 

c. A translation gain or loss on an international subsidiary is reported in other comprehensive income; changes in the value of the related hedge are also reported in other comprehensive income. 

d. Changes in euro-denominated receivables are reported in income; changes in the value of the related hedge are also reported in income