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Your answer is partially correct. Try again. The Vermillion Corporation has 49,600 $2 noncumulative preferred shares that have been issued. It declares a quarterly cash

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Your answer is partially correct. Try again. The Vermillion Corporation has 49,600 $2 noncumulative preferred shares that have been issued. It declares a quarterly cash dividend on November 15 to shareholders of record on December 10. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the cash dividend. (Credit account Lilles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account Licles and enter for the amounts

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