Which of the following statements regarding accounting for stock investments with insignificant influence is false?

Multiple Choice

Any unrealized gain $($or loss$)$ from a change in the fair value of the portfolio of stock investments is reported on the income statement.

Stock investments with insignificant influence are classified as either short or long term based on managers' intent and the stock's marketability.

Stock investments with insignificant influence are reported at fair value.

The investment account equals the acquisition cost plus the share of investee income plus the share of investee dividends.

When an investor owns less than $20\%$ of voting stock, the investor is presumed to have insignificant influence.