Question

Which of the following statements are true regarding dividends?
_____ 1. Cash and stock dividends reduce retained earnings.
_____ 2. Dividends payable is recorded at the time a cash dividend is declared.
_____ 3. The date of record refers to the date a cash dividend is paid to stockholders.
_____ 4. Stock dividends are a mechanism to keep the market price of stock affordable.


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  • CreatedApril 23, 2015
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