Pepper Company Owns 40% of the Common Stock and Exercises

Pepper Company owns 40% of the common stock and exercises significant influence over Salt Company.Pepper Company ________.

A) would increase its investment account when Salt Company declares dividends
B) would record 40% of the net income of Salt Company as investment income each year
C) would record dividends received from Salt Company as investment revenue
D) would file a consolidated financial statement with Salt Company