Should the business purchase more stock? Bath Corporation currently owns 15% of Body Co. Bath has the opportunity to purchase additional shares of stock in Body Co., which would bring Bath’s ownership...

Should the business purchase more stock?

Bath Corporation currently owns 15% of Body Co. Bath has the opportunity to purchase additional shares of stock in Body Co., which would bring Bath’s ownership percentage to 25%. Bath Corporation is considering the investment because the purchase would allow Bath Corporation to have some influence over Body, but Bath is not sure about the accounting implications. What should Bath do?