Which statement regarding investments in equity securities is incorrect?Which statement regarding investments in equity securities is incorrect?

A$.$ Generally, no significant influence exists if there is an ownership interest of less than $20\%$ of the investee's voting stock.

B$.$ Significant influence equity investments are consolidated into the investor's financial statements.

C$.$ Significant influence equity investments are always reported as long $-$ term assets on the balance sheet.

D$.$ Investments in equity securities are classified into three specific types based on the investor's level of influence over the investee company.