Why is understanding the extent to which one corporation influences another import ant for accounting purposes? What

Question:

Why is understanding the extent to which one influences another import ant for accounting purposes? What impact does an entity's degree of influence have on the accounting for investments?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...