Which of the following is a correct statement about cumulative and noncumulative preferred stock? Select one: A. Cumulative preferred stock is guaranteed to receive its dividends. B. Cumulative preferred stock's right to receive dividends is forfeited in any year that dividends are not declared while noncumulative stock's undeclared dividends accumulate each year until paid. C. Cumulative stock's undeclared dividends accumulate each year until paid while noncumulative stock's right to receive dividends is forfeited in any year that dividends are not declared. D. They both receive dividends in arrears