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Bonobo Inc. purchased 2,000 shares of stock in Pizza Gnomes Inc. Pizza Gnomes has 12,000 shares outstanding. This investment should be reported using the Equity

Bonobo Inc. purchased 2,000 shares of stock in Pizza Gnomes Inc. Pizza Gnomes has 12,000 shares outstanding. This investment should be reported using the Equity Method. Select one: True False

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