also, describe any three factors that help determine whether a company has significant influence over another company.

XYZ Corporation reported the following transactions relating to its trading investments: Jan 1 Purchased 1,000 shares of Tokyo Ltd. shares for $64,000 cash. Jun 1 Received cash dividends of $5 per share on the Tokyo shares. Sep 15 Sold 250 Tokyo shares for $15,500. Dec 31 The fair value of the Tokyo shares was $49,250. Record the above transactions and events