Assume that a corporation's dividends are two years in arrears for its outstanding preferred stock. In the corporation's financial statements, these arrearages are: Select one: A. Disclosed as a long-term liability in the balance sheet B. Disclosed in the notes to the financial statements C. Disclosed as a current liability (for the most recent arrearage) and a long-term liability (for the oldest arrearage) in the balance sheet D. Disclosed as a current liability in the balance sheet