Which of the following would be included in the entry to record the payment of a previously declared dividend of $.25 per share on 12, 500 shares of common stock? Cash would be debited for $3, 125. Dividends payable would be credited for $3, 125. Retained earnings would be debited for $3, 125. Dividends payable would be debited for $3, 125. Which of the following partnership characteristics causes any property that is owned by the partnership to be jointly owned by all of the partners? Co-ownership of property Limited life Mutual agency Unlimited liability The following information is from the balance sheet of White Corporation as of December 31, 2008. The corporation did not declare a dividend in 2006 or 2007. There were no dividends in arrears before 2006. Which of the following is the book value per share for preferred stock and common stock? The book value is $100 per share for preferred stock and $187.50 per share for common stock. The book value is $300 per share for preferred stock and $137.50 per share for common stock. The book value is $320 per share for preferred stock and $132.50 per share for common stock. The book value is $120 per share for preferred stock and $182.50 per share for common stock