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: Pinellas will be able to appoint 30% of the directors of Sanibel Co. No other shareholder holds more than a 29% interest in Sanibel Co. Pinellas recelves 30% of dividends paid by Sanibel Co. Pinellas is assumed to be able to exercise significant influence over the affairs of Sanibel Co