needhelp1700

Significant influence and less than 50%? Thats definitely equity.
Passive Investment (Typically under 20%) - Investment in Financial Assets
Significant Influence (Typically between 20 - 50) - Equity Method
Joint Control (Typically 50/50) - Proportionate Consolidation
Control (Typically above 50%) - Acquisition Method (Full Consolidation)
The ability to influence the investee is the primary determinant of how to account for the investment, not necesarily the percentage ownership.