Consider the below mentioned statements: 1. The dividends are not cumulative for equity…

Consider the below mentioned statements: 1. The dividends are not cumulative for equity shareholders, that is, they cannot be accumulated and distributed in the later years. 2. Dividends are taxable. State True or False:

A	1-True, 2-True
B	1-False, 2-True
C	1-False, 2-False
D	1-True, 2-False