Which of the Following Best Distinguishes Preferred Shares from Common

Which of the following best distinguishes preferred shares from common shares?

A) Preferred shares do not vote but do receive priority on dividends.
B) Preferred shares do not receive dividends but have priority on liquidation.
C) Preferred shares have the same dividends as common but receive priority on liquidation.
D) Preferred shares vote and receive priority on dividends and liquidation.