Dividends in Arrears Are Dividends on

Multiple Choice

Dividends in arrears are dividends on

A) cumulative preferred shares that have been declared but have not been paid.
B) noncumulative preferred shares that have not been declared for a given period of time.
C) cumulative preferred shares that have not been declared for a given period of time.
D) common dividends that have been declared but have not been paid.