Which statement is correct regarding dividend entitlement? A) A corporation need only pay dividends when it declares them to be payable. B) Cumulative preferred shares do not have any rights to missed dividend payments. C) A company can avoid paying dividends in arrears on cumulative preferred shares if it is to pay dividends on common shares. D) Non-cumulative preferred shares must be paid all missed dividend payments when dividends are declared. Apple Company declares and issues astock dividend. This will cause a(n): 1.increase, 2. decrease, or 3 . no effect in the following: Total Shareholders' Equity 1. Increase Liabilities 2. Decrease Assets 3. No effect