Quiz Chapter 16 - Codification Refer to the FASB Codification through the student access posted in the Welcome module. Indicate precisely the sections of the Codification that provide the information for your response to the question. That is, enter the code in the format: Write the code for each paragraph of the Codification used to respond. Answer the following questions primarily in your own words. You may quote from the Codification if needed but be sure to indicate that you are presenting a quotation. Your responses should be concise and pertinent. Please do not use highlighting or colored typeface. XYZ Company has just acquired 42,000 shares of the common stock of RST Corporation, a major supplier for XYZ. It is a substantial investment, representing 30% of RST's outstanding common stock and giving XYZ some influence over the policies of RST, and XYZ has some questions about how to account for this investment. a. How should XYZ account for the investment? b. How will XYZ report income from this investment