Question A company wishes to raise funds by issuing either bonds or cumulative preferred stock. How will the annual interest or dividend affect total liabilities each year? a. Interest is a current liability each year (until paid) b. Interest and cumulative preferred dividends in arrears are non-current liabilities each year (until paid) C. Cumulative preferred dividend in arrears are a current liability each year (until paid) d. Both interest and cumulative preferred dividends in arrears are current liabilities each year (until paid)