Zoo Capital is a public corporation that invests in start$-$up and small$-$ to medium$-$sized exotic

animal zoos throughout the United States. Zoo Capital is not an investment company in

accordance with ASC $946.$

Zoo Capital holds a $20$ percent interest in common stock of OKC Zoo $($OKC$),$ a small$-$sized

exotic animal zoo in Oklahoma that is a corporation capitalized by common stock outstanding.

Zoo Capital has representation on OKC$$s board of directors, controlling two of the ten board

seats, and participates in the policy$-$making process. The remaining $80$ percent interest in OKC

is held by two large investors. The first investor, Lowe LLC $($Lowe$)$ has a $60$ percent interest in

common stock of OKC and controls six of the ten board seats. The other investor, Depot

Services Inc. $($Depot$)$ has a $20$ percent interest in common stock of OKC and controls two of the

ten board seats.

Zoo Capital also holds a $10$ percent interest in common stock of SC Safari $($SCS$),$ a mediumsized exotic animal zoo in South Carolina that is a corporation capitalized by common stock

outstanding. Zoo Capital has representation on SCS$$s board of directors, controlling two of the

ten board seats, and participates in the policy$-$making process. Zoo Capital is the largest

shareholder in SCS$,$ followed by four other investors with common stock ownerships that range

between $7$ percent to $9$ percent each, and the remaining common stock ownership is widely

dispersed among various other investors. Those four investors control one board seat each, and

the remaining four board members are independently appointed by the six board members

represented by the largest investors.

In $2023,$ Zoo Capital made a strategic decision to diversify its investment portfolio and expand

its investments to include wildlife rescues and sanctuaries. As a result of this decision, Zoo

Capital acquired a $17$ percent interest in common stock of FL Rescue $($FLR$),$ a wildlife rescue

facility in Florida that is a corporation capitalized by common stock outstanding. Zoo Capital

has representation on FLR$$s board of directors, controlling two of the twelve board seats, and

participates in the policy$-$making process. The remaining $83$ percent interest in FLR is held by

two large investors. The first investor, Baskin Group Inc. $($Baskin$)$ has a $58$ percent interest in

common stock of FLR and controls seven of the twelve board seats, including the chairman. An

executive from Baskin is also the chief executive officer $($and the chairman$).$ The other investor,

Robin Living Trust $($Robin$)$ has a $25$ percent interest in common stock of FLR and controls three

of the twelve board seats.

Required: You are an accounting firm hired by Zoo Capital. Based on the above information,

write a clear and organized paper addressed to your client that answers the following questions:

$1.$ Does Zoo Capital have significant influence over OKC?

$2.$ Does Zoo Capital have significant influence over SCS$?$

$3.$ Does Zoo Capital have significant influence over FLR$?$

Provide the appropriate FASB ASC references and use proper grammar and punctuation