Which of the following is not a correct statement about noncontrolling interest?

A.Noncontrolling interest is a residual claim, like that of any other shareholder.

B.Noncontrolling interest is reported as a component of stockholders' equity on the balance sheet.

C.Noncontrolling interest represents their claim to their proportionate share of the net assets and net income of the subsidiary in which they own stock.

D.Noncontrolling interests are entitled to preference in dividends and payouts in liquidation