1-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.

Dividends payable is recorded at the time a cash dividend is declared.

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

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