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ABC Corp. recorded the following journal entry on August 21, 2014: Cash Ordinary Share Capital Ordinary Share Premium 42,250 32,500 9,750 The explanation reads

ABC Corp. recorded the following journal entry on August 21, 2014: Cash Ordinary Share Capital Ordinary Share Premium 42,250 32,500 9,750 The explanation reads "Issued ordinary share capital for P130 per share". What is the par value for this share capital, and how many shares were issued?

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