Dividends refers to the regular payments of profit made to stockholders who own part of the firm shares.
- It is true that the cash and stock dividends reduce retained earnings
- It is true that dividends payable is recorded at the time a cash dividend is declared.
- It is false that date of record is the date a cash dividend is paid to stockholders.
- It is true thato t the stock dividends help keep the market price of stock affordable.
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