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Facebook Inc. ( now Meta Platforms Inc. ) issued 4 2 1 . 2 million class A common shares for $ 3 8 per share,
Facebook Inc. now Meta Platforms Inc. issued million class A common shares for $ per share, on average, in its IPO on The par value of the stock was
$ per share. Assume Facebook kept exactly $ billion of the proceeds from the issue, with the rest being spent on stock issue costs.
Record Facebook's entry for the issue of the shares. NOTE: Round dollar amounts to the nearest thousands of dollars.
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