Which of the following statements is TRUE regarding cash dividend payments to shareholders of a C corporation? The dividend payments: Are treated as a deductible business expense. Are earnings of the corporation that are taxed at the individual shareholder level only. Represent distributions of the company's profits and are taxed at the entity level only. Represent distributions of the company's profits and are taxed at the entity level. They are then taxed again at the individual shareholder level. Mark for follow up