The Financial Accounting Standards Board had several goals in issuing Statement of Financial Accounting Standards No. 115, "Accounting for Certain Investments in Debt and Equity Securities," and changing the accounting for certain debt and equity securities from a lower-of-cost-or-market basis to a fair value basis. Among these goals was the elimination of what is termed "gains trading."
Explain the meaning of the term "gains trading."

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The Answer of The Financial Accounting Standards Board had several goals in issuing Statement of Financial Accounting Standards No. 115, "Accounting for Certain Investments in Debt and Equity Securities," and changing the accounting for certain debt and equity securities from a lower-of-cost-or-market basis to a fair value basis. Among these goals was the elimination of what is termed "gains trading."
Explain the meaning of the term "gains trading."

The Financial Accounting Standards Board Had Several Goals in Issuing