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Please explain. 1. How does an equity investment in another company impact financial statements when a company owns 30% of another company? What about 55%?

Please explain.
1. How does an equity investment in another company impact financial statements when a company owns 30% of another company? What about 55%? If a company owns 30% of another company, which FASB ASC stipulates how the investment is accounted for on financial statements? What ASC governs how to account for a 55% equity stake in another company? 2. Which FASB ASC governs how to report a loss contingency that is probable and reasonably casy to estimate? Which FASB ASC governs how to report gain contingencies

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