Which of the following statment is false?

A. Common stockholders own the firm and are among the last to be paid in the event of bankruptcy.

B. Preferred stockholders are considered part of the firm's equity, but they receive similar benefits as creditors (e.g., they receive dividends in fixed amounts.)

C. Preferred stockholders are more protected from risk than common stockholders.

D. Commond stockholders have an upper limit on their dividends.