Which of the following would cause ST to become an associate investment of WX?

WX is considering an investment in ST.

At 31 December 20X2 ST had the following balances in its statement of financial position:

Which of the following would cause ST to become an associate investment of WX?
A . WX purchases 15,000 of ST’s $1 equity shares and 20,000 of ST’s $1 preference shares.
B . WX purchases 25,000 of ST’s $1 equity shares.
C . WX purchases 75,000 of ST’s $1 equity shares.
D . WX purchases 50,000 of ST’s $1 preference shares.

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Answer: B