Which of the following statements are true regarding dividends? (You may select

Question

Which of the following statements are true regarding dividends? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.)

___Cash and stock dividends reduce retained earnings.unanswered

___Dividends payable is recorded at the time a cash dividend is declared.unanswered

___The date of record refers to the date a cash dividend is paid to stockholders.unanswered

___Stock dividends are a mechanism to keep the market price of stock affordable.

Explanation / Answer

Cash and stock dividends reduce retained earnings Dividends payable is recorded at the time a cash dividend is declared Stock dividends are a mechanism to keep the market price of stock affordable.

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