Question 8 (3 points) Indicate which of the following would be considered a current liability on this year's balance sheet dated December 31... or indicate if ALL or NONE would be treated as a current liability Cumulative preferred stock dividends in arrears. No common dividends can be paid until these are paid first. No formal declaration of the specific time of payment has been made. A dividend payable in the form of a stock dividend to be distributed on January 15 of next year. O A cash dividend payable to the common stockholders was declared this year, but was it was announced that it would be either mailed out or direct deposited on January 15 of next year. All of the above qualify to be listed as current liabilities. None of the above should be listed as current liabilities