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The Rendezvous Company issues common and preferred shares in a lump-sum sale. Total cash received is $900. Total Par Value Total Market Value Common $100

The Rendezvous Company issues common and preferred shares in a lump-sum sale. Total cash received is $900. 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. $500 c. $260 d. $360 e. $300

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