Which Statement Regarding Investments in Equity Securities Is Incorrect

Which statement regarding investments in equity securities is incorrect?

A) Significant influence equity investments are always reported as long-term assets on the balance sheet.
B) Significant influence equity investments are consolidated into the investor's financial statements.
C) Investments in equity securities are classified into three specific types based on the investor's level of influence over the investee company.
D) Generally, no significant influence exists if there is an ownership interest of less than 20% of the investee's voting stock.