is it #1, #2, #4 and #5 only

QUESTION 19 Which of the following statements are true? 1. Dividends are not a liability for the firm until the Board of Directors has declared them Il Dividends are not tax deductible for the firm since they are not an expense like interest payments III Increasing their dividend payout is a clever way for firms to reduce their tax liability IV Dividends on preferred stock must be paid before dividends can be paid to common stockholders V. Dividends are one-way shareholders can receive cash from owning stock in a firm the alternative source of cash for shareholders requires selling the stock to realize its capital gains. 18 ll only 1.11. & IV only 11. & IV only IV & V only 1.II LIIV & V