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ABC Company has 100,000 common shares issued and outstanding. The shares have a par value of $1. The company declares a 5 for 4 stock

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ABC Company has 100,000 common shares issued and outstanding. The shares have a par value of $1. The company declares a 5 for 4 stock split. a. How many common shares will there be after the stock split is completed? b. What will the par value of the common shares be after the stock split is completed? c. Explain the accounting entry made for the stock split

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