Assume that a parent company owns less than $100\%$ of a long$-$controlled subsidiary. Which of the following statements is false?

Noncontrolling interest is classified as an owners' equity account.

Balance sheet presentation of noncontrolling interest is necessary because consolidated balances always reflect $100\%$ of the net assets of the subsidiary.

Noncontrolling interest represents the portion of the subsidiary's net assets that is not owned by the parent.

Goodwill is always assigned to the controlling and noncontrolling interests in the relative proportion of their ownership interest.