The board of dircctors of Redtape Copporation declared a cash dividend on January $18,2018,$ to be paid on February $18.2018,$ to shancholders holding the stock on Fehruary $2,2018.$ Given these facts, the date February $2,2016,$ is referred to as the

a$.$ date of declaration.

b$.$ date of payment.

c$.$ ex$-$dividend date.

d$.$ date of record.

The balance of the Retained Earnings account represents

a$.$ profits of a company since the date of its beginning less any losses, dividends to stockholders, or transfers to contributed capital.

h$.$ an excess of revenues over expenses for the most current operating period.

c$.$ cash set aside for specific future uses.

d$.$ cash available for daily operations.

When shares of preferred stock may be rodecmed by the corporation at a certain price, the shares are said to be

a$.$ cumulative.

b$.$ noncoavertible.

c$.$ convertible.

d$.$ callable.