1210: Financial Accounting II (A11) Dividends in arrears on cumulative preferred shares O a. Select one: should be disclosed in the notes to the financial statements. O b. are considered to be a non-current liability. Oc. only occur when preferred dividends have been declared. O d. are considered to be a current liability. tral_BBButton for s session Jump to... . The impact of the company's shares being sold among investors will of Select one: O a. cause retained earnings to decrease. O b. have no effect on the operating activities of the corporation cause total assets to decrease. d. cause total shareholders' equity to increase. son O