Which of the Following Statements About the Gross Method of Recording

Which of the following statements about the gross method of recording a hedge is true?

A) It can only be used for internal record-keeping.
B) The receivable and payable under the forward contract are recorded separately at fair value.
C) The receivable and payable under the forward contract are netted together and only the net amount is recorded.
D) The gross method provides a slightly different result than the net method.