Which statement is correct regarding dividend entitlement? Question content area bottom Part 1 A. Cumulative preferred shares do not have any rights to missed dividend payments. B. Non-cumulative preferred shares must be paid all missed dividend payments when dividends are declared. C. A corporation need only pay dividends when it declares them to be payable. D. A company can avoid paying dividends in arrears on cumulative preferred shares if it is to pay dividends on common shares