Question: In order to show more reported gains or less reported losses on the income statement, gains trading can be accomplished by selling securities classified as

In order to show more reported gains or less reported losses on the income statement, "gains trading" can be accomplished by selling securities classified as ____ with gains or by transferring securities classified as ____ with losses into securities classified as ____ . a. Available-for-sales (AFS) .... Available-for-sales (AFS) .... Trading b. Trading ... Available-for-sales (AFS) .... Trading c. Available-for-sales (AFS) ... Trading.... Available-for-sales (AFS) d. Trading .... Trading.... Available-for-sales (AFS)

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Gains trading also known as cherry picking refers to the practice of selling securities that have ap... View full answer

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