Which of the Following Is True

Which of the following is true?

A) If a company files for bankruptcy, preferred stockholders' claims are paid prior to creditors' claims.
B) If a company files for bankruptcy, preferred stockholders' claims are paid prior to common stockholders' claims.
C) In the event of bankruptcy and subsequent liquidation, preferred stockholders only receive funds after creditors and common stockholders.
D) Both (a) and (b)
E) None of the above