Panda holds a 20 percent interest in common stock of WS Sanctuary, a small- sized exotic animal sanctuary in Montana that is a corporation capitalized by common stock outstanding. Panda has representation on WSs board of directors, controlling two of the ten board seats, and participates in the policy-making process. The remaining 80 percent interest in WS is held by two large investors. The first investor, Jason LLC (Jason) has a 60 percent interest in common stock of WS and controls six of the ten board seats. The other investor, Tommy Services Inc. (Tommy) has a 20 percent interest in common stock of WS and controls two of the ten board seats.

Under the Equity Method, does Panda have significant influence over WS? What FASB codification indicate?