Of the following statements about preferred stock, which one is correct? Multiple Choice Dividends on preferred stock payable during the next twelve months are considered to be a corporate liability. If preferred dividends are non-cumulative, then preferred dividends not paid in a particular year will be carried forward to the next year. Preferred stock usually has a stated liquidating value of $100 per share. There is no significant difference in the voting rights granted to preferred and common shareholders. Unlike dividends paid on common stock, dividends paid on preferred stock are a tax-deductible expense