By what amount will fink''s paid-in capital

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By what amount will fink''s paid-in capital - excess

Montgomery & Co., a well established law firm, provided 500 hours of its time to Fink Corporation in exchange for 1,000 shares of Fink's $5 par common stock. Mitchell's usual billing rate is $700 per hour, and Fink's stock has a book value of $250 per share. By what amount will Fink's Paid-in capital - excess of par increase for this transaction?

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Accounting Basics: By what amount will fink''s paid-in capital - excess

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Accounting Basics: By what amount will fink''s paid-in capital - excess

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Recent Questions Asked Accounting Basics

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Accounting Basics: By what amount will fink''s paid-in capital - excess

Reference No:- TGS077446

Recent Questions Asked Accounting Basics

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