Question: Gains trading or cherry picking involves Question 6 options: 1 ) moving securities whose value has decreased since acquisition from available - for - sale
Gains trading or cherry picking involves
Question options:
moving securities whose value has decreased since acquisition from availableforsale to heldtomaturity in order to avoid reporting losses.
reporting investment securities at fair value but liabilities at amortized cost.
selling securities whose value has increased since acquisition while holding those whose value has decreased since acquisition.
All of the above are considered methods of gains trading or cherry picking.
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