Packer Publications Purchased $160,000 of the Outstanding 400,000 Shares of Bear

Packer Publications purchased $160,000 of the outstanding 400,000 shares of Bear Homes. How should Packer account for this investment?

A) Packer should account for this investment using the equity method, as Packer has significant influence over the investee.
B) Packer has control over Bear, so it must consolidate all financial statements.
C) Packer should classify this investment as an equity investment with no determinable fair value.
D) Packer should classify this investment as an equity investment with no significant influence.