"Gains trading" involves
A) Reporting investment securities at fair value but liabilities at amortized cost
B) Selling securities whose value has increased since acquisition (winners) while holding those whose value has decreased since acquisition (losers)
C) Moving securities whose value has decreased since acquisition from available-for-sale to held-to-maturity in order to avoid reporting losses
D) All of the above are considered methods of "gains trading"
Correct Answer:
Verified
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