Which One of the Following Statements Is Correct

Which one of the following statements is correct?

A) Preferred stock can be callable.
B) Preferred stock generally has a stated liquidation value of $1,000 per share.
C) Dividend payments to preferred shareholders are tax-deductible expenses for the issuing firm.
D) Preferred dividends are generally variable in amount.
E) Preferred shareholders receive preferential treatment over bondholders in a liquidation.