Under GAAP, the Equity Method of Accounting for Long-Term Investments

Under GAAP, the equity method of accounting for long-term investments in ordinary shares should be used when the investor or has significant influence over an investee and owns

A) less than 20% of the investee's ordinary shares.
B) more than 50% of the investee's ordinary shares.
C) 30% or more the investee's ordinary shares.
D) between 20% and 50% of the investee's ordinary shares.