55) Retained Earnings represent a company's: A) Net income less dividends since the company first began operations, B) Undistributed net assets. C) Extra paid-in capital. D) Undistributed cash. 56) On June 1, the board of directors declares a cash dividend to be paid on June 30 to stockholders of record on June 15. On which date would the company record a credit to the Dividends Payable account? A) June 30 B) June 15 C) June 1 D) Dividends Payable is never credited 57) The board of directors of Capstone Inc. declared a $0.60 per share cash dividend on its $1 par common stock. On the date of declaration, there were 50.000 shares authorized, 20,000 shares issued & outstanding. What is the entry when the dividends are declared?! 9,000 9,000 9.000 A. Dividends Dividends Payable B. Dividends Cash C Dividends Dividends Payable D. Dividends Cash 9,000 12,000 12,000 12,000 12,000 A) Option A B) Option B C) Option C D) Option D 58) Financial information for Accessories Unlimited includes the following selected data: Net income (in millions) Shares outstanding (in millions) Stock price $ 150 300 $ 20.00 What is the company's earnings per share? A) $0.50. B) $0.25. C) $2.00 D) $0.05. MA S KEY Versio UNITS ENTRY R ENTER