Which of the following statements concerning preferred stock istrue?A. Preferre

Which of the following statements concerning preferred stock istrue?A. Preferred stockholders have a prior claim on the incomeand assets of the firm as compared to the claims of lenders.B. Preferred stock dividends per share are normallyincreased as the earnings of the firm increase.C. Preferred dividends per share are usually not cut orsuspended unless the firm is faced with serious financialproblems.D. Preferred stockholders are the ultimate owners of thefirm.