2 Which of the following statements is TRUE? Mark Select one: a. Dividends and interest are both expenses related to corporate financing. b. The statement of changes in equity statement reports dividends declared, as well as all gains or losses on disposal of long-lived assets. O c. Once a cash dividend is declared, the corporation has a liability payable to its shareholders until the dividend is paid. O d. Stock dividends on common shares do not affect retained earnings. Notes