"Gains Trading" or "Cherry Picking" Involves

question 54

Multiple Choice

"Gains trading" or "cherry picking" involves

• A)moving investments whose value has decreased since acquisition from non-trading to held-for-collection in order to avoid reporting losses.
• B)reporting investments at fair value but liabilities at amortized cost.
• C)selling investments whose value has increased since acquisition while holding those whose value has decreased since acquisition.
• D)All of the above are considered methods of "gains trading" or "cherry picking."

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