A December 15, 2008, purchase of goods was denominated in a currency other than the entity's functional currency. The transaction resulted in a payable that was fixed in terms of the amount of foreign currency and was paid on the settlement date, January 20, 2009. The exchange rate of the currency in which the transaction was denominated changed at December 31, 2008, resulting in a loss that should:
A. Not be reported until January 20, 2009, the settlement date.
B. Be included as a component of comprehensive income for 2008.
C. Be included as a deferred charge at December 31, 2008.
D. Be included as a component of income from continuing operations for 2008.
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