Which of the Following Statements Is Incorrect

Which of the following statements is incorrect?

A) If the investor has significant influence over the investee,the investor must use the equity method of accounting for the investment.
B) If the investor has control over the investee,financial statements for the two companies must be consolidated.
C) If the investor has no significant influence over the investee,can readily determine the fair value of the investment,and plans to hold the investment for a very short period of time,the investor should classify the investment as a trading security.
D) If the investor reports the investment as available-for-sale,the investment is reported at cost with unrealized gains and losses reported as part of other comprehensive income.