Sports International purchased 1,100 shares of stock in The Gaming Warehouse for $30 per share....
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Accounting
Sports International purchased 1,100 shares of stock in The Gaming Warehouse for $30 per share. The investment is properly reported using the equity method. By 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 Increase net income by $35,200 Increase net income by $33,000 Increase net income by $2,200 No effect
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