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37 Sports International purchased 100,000 shares of stock in The Gaming Warehouse for $30 per share. The investment is properly recorded using the equity method

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37 Sports International purchased 100,000 shares of stock in The Gaming Warehouse for $30 per share. The investment is properly recorded using the equity method tly the end of the year, the stock price has increased to $32 per share. How would the change in stock price affect Sports International's net income under the equity method! Multiple Choice o Increase net income by $32,000 O Increase income by $30,000 Increase not income by $2,000 No effect

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