Which statement is incorrect regarding fair value hedges and cash flow hedges of an asset or liability.

a. results of a fair value hedge are reported in the income statement

b. results of a cash flow hedge are reported in Other Comprehensive Income

c. under a cash flow hedge the difference between the gain or loss on the hedge and the gain or loss on the item being hedged is reported in Other Comprehensive Income

d. under a cash flow hedge the difference between the gain or loss on the hedge and the gain or loss on the item being hedged is reported in the income statement

e. under a fair value hedge the difference between the gain or loss on the hedge and the gain or loss on the item being hedged is reported in the income statement