(TRUE or FALSE?) Preferred stockholders take precedence over common stockholders in the payment of dividends and in the distribution of corporate assets in the event of liquidation. True False > Question 3 1 pts (TRUE or FALSE?) Preferred stock represents an ownership interest in the corporation, but as the name implies, preferred stock receives preferential treatment over common stock. True False Question 4 1 pts a (TRUE or FALSE?) Preferred stock represents ownership in a corporation and entitles the owner to a dividend, which must be paid before dividends are paid to common stockholders. True False