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.) W Cash and stock dividends reduce retained earnings Dividends payable is recorded at the time a cash dividend is declared The date of record is the date a cash dividend is paid to stockholders Stock dividends help keep the market price of stock affordable.