Current Attempt in Progress Sandhill Discount Retail Company has $19500 of dividends in arrears. Based on this information, which of the following statements is false? O The investment community looks favorably on companies with dividends in arrears since the money is redirected toward more important growth opportunities. O The amount of dividends in arrears should be disclosed in the notes to the financial statements. Dividends in arrears are not considered to be liabilities. O An obligation for dividends in arrears exists only after the board of directors declares payment