An important difference between common stock and preferred stock is that

A$.$ common stock is sold to anyone while preferred stock is sold to other corporations only.

B$.$ preferred stockholders can vote on major policy decisions and common stockholders cannot.

C$.$ preferred stockholders are entitled to their dividends before common stockholders.

D$.$ common stockholders are entitled to a share of the profits but preferred stockholders are entitled only to the profits of above$-$normal years.