Which of the Following Statements Is Incorrect

Which of the following statements is incorrect?

A) Preference shares usually have a fixed dividend and rate higher than ordinary shares in a situation where a company goes into liquidation.
B) A redeemable preference share with a fixed redemption date is classified as equity.
C) A non-redeemable cumulative preference share gives the right to be paid current or accumulated dividends before ordinary shareholders.
D) A non-redeemable cumulative preference is normally classified as equity.