To carry out their plans, firms require financing, that is, funds from owners and creditors. When the firm raises funds from owners, which of the following is true?

A. There is no obligation to repay these funds.

B. There is an obligation to repay these funds.

C. Firms must distribute cash dividends to that firm's shareholders at least annually.

D. Firms must distribute stock dividends to that firm's shareholders at least annually.

E. None of the above are true.