Which of the following are preferences normally associated with preferred stock? Select all that are correct. Corporations which invest in other corporations by purchasing preferrec stock receive favorable tax treatment with respect to preferred stock dividend income Preferred shareholders can always outvote the common shareholders In liquidation, preferred shareholders are paid in full before any money i: distributed to common shareholders Proceeds from any lawsuits go directly to the preferred shareholders. Every year, preferred shareholders must be paid that year's preferred dividend before any dividends can be paid to the common shareholders. In liquidation, preferred shareholders are paid ahead of secured lenders In any year, preferred shareholders receive their dividend payments before banks receive heir interest payments. With cumulative preferred stock, preferred dividends not paid in prior years must be paid along with the current year's preferred dividend before any dividends can be paid to common shareholders. If the preferred shares are convertible to common shares, the holders have the opportunity to share in capital gains returns on the common shares