If XYZ Company purchased the call option primarily to benefit from an expected rising market value of the call option, which of the following statements best describes the appropriate accounting treatment as at 30 June 20x4 under IFRS 9?

(a) Loss in time value is expensed off to the income statement while gain in intrinsic value is deferred in equity.

(b) Loss in time value and gain in intrinsic value are taken to the income statement.

(c) Loss and gain are disclosed in footnotes.

(d) Loss in time value is expensed off to the income statement while gain in intrinsic value is adjusted to the cost of the shares.

XYZ Company purchased a call option on 1 April 20x4, which was exercised on 30 June 20x4. The changes in time and intrinsic value of the call option to purchase 10,000 units of securities in S Company are as follows:

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Loss in time value Gain in intrinsic value. At 30 June 20x4 (200) 1,500