Which statement about dividends i correct? O A Dividends on cumulative preferred shares are not discretionary payments. O B. Dividends are mandatory payments required for both common and preferred shares O Dividends are payments that can be made for common and preferred shares OD. Dividends must be paid on common shares before dividends can be paid on preferred shares Whicht about cash dividends is correct? O A The date of declaration is the date that determines which shareholders will receive the dividends. OB. The date of declaration is the date on which the Board of Directors declares a dividend and the company has Oc The date of record is the date when the funds for the dividend are transferred to shareholders The company must record a journal entry on the date or declaration, the date of record, and the date of pule