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ABC Company acquired 100% of Installed Components by issuing 200,000 shares of its $2 par...

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Accounting

ABC Company acquired 100% of Installed Components by issuing 200,000 shares of its $2 par value stock. The market value of the stock is $20 per share. ABC also paid $20,000 in consulting fees related to the acquisition. ABC's journal entry to record the acquisition would include a credit to common stock of what amount?

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