Pinellas Company owns $30\%$ of the voting common stock of Sanibel Company. Pinellas will probably use the equity method of

accounting to account for this investment because:

A$.$ Pinellas will be able to appoint $30\%$ of the directors of Sanibel Co$.$

B$.$ No other shareholder holds more than a $29\%$ interest in Sanibel Co$.$

C$.$ Pinellas receives $30\%$ of dividends paid by Sanibel Co$.$

D$.$ Pinellas is assumed to be able to exercise significant influence over the affairs of Sanibel Co$.$