Sports Spectacular purchased 1,000 shares of stock in The Athletic Warehouse for $30 per share.The investment is properly classified as an available-for-sale security.By the end of the year,the stock price has increased to $32 per share.How would the change in stock price affect Sports Spectacular's net income?
A) Increase net income by $32,000.
B) Increase net income by $30,000.
C) Increase net income by $2,000.
D) No effect.
Correct Answer:
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