Which of the following are correct statements concerning corporate dividends?

	a.	Dividends paid by a corporation to individuals receive preferential tax treatment (minimum 70% exclusion from taxable income)
	b.	Dividends payments are not considered tax deductible expense while interest payments are
	c.	Dividends are generally paid to the shareholders before the payment of interests to the bondholders
	d.	Dividends are legal liability of a corporation to its shareholders