Opal Limited owns 80% of the common shares of Fashion Runway Inc. What is the presumed level

Question:

Opal Limited owns 80% of the common shares of Fashion Runway Inc. What is the presumed level of influence for this investment? What kind of should Opal prepare to properly present this investment?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...