Question 1 Correct 00 points out 2.00 Indicate the effect of liquidating dividends on net income. Select one: a. Increase Flag question b. Decrease c. No effect The correct answer is: No effect estion 2 correct O points out The Rendezvous Company issues common and preferred shares in a lump-sum sale. Total cash received is $900. 2.00 Flag question Total Par Value Total Market Value Common $100 $400 Preferred $80 $600 In recording the sale, what is the amount of Additional Paid-in-Capital on Common Stock? Select one: a. $420 b. $500x C. $260 d. $360 e. $300