Which Statement About Cumulative Preferred Stock Is FALSE

Which statement about cumulative preferred stock is FALSE?

A) A company does not have to pay a preferred stock dividend every year.
B) No dividends can be paid to common stockholders until all current and prior year preferred stock dividends are paid.
C) All dividends in arrears must be disclosed in a footnote to a company's balance sheet.
D) Any dividends in arrears are considered to be a liability since the company is obligated to pay these dividends.
E) In the event of liquidation,cumulative unpaid dividends must be paid before common stockholders receive any cash.