XBRL Inc. has debt denominated in a foreign currency. At the report date, the debt is reported at the spot rate for that date and assuming the rate has changed.

Multiple Choice:

• a) The gain or loss is recorded in income.

• b) The gain or loss is recorded in other comprehensive income.

• c) The gain or loss is deferred and amortized over the period of the debt.

• d) There is no gain or loss to report.