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 $946.$

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.

$3.$ Does Zoo Capital have significant influence over FLR$?$ Provide the appropriate FASB ASC references