Question: Consider the below mentioned statements: 1. The dividends are not cumulative for equity shareholders, that is, they cannot be accumulated and distributed in the later

Consider the below mentioned statements: 1. The dividends are not cumulative for equity shareholders, that is, they cannot be accumulated and distributed in the later years. 2. Dividends are taxable. State True or False:

a) 1-True, 2-True

b) 1-False, 2-True

c) 1-False, 2-False

d) 1-True, 2-False

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