Which of the Following Is the Correct Description of Dividends

Multiple Choice

Which of the following is the correct description of dividends in arrears, as it applies to cumulative preferred stock?

A) the cumulative amount of dividends that were not paid in previous years
B) the cumulative amount of dividends that were paid in previous years
C) the amount of dividends that were paid late
D) the amount of dividends that will be paid in the coming year