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Montgomery amp co a well established law firm provided 520

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Montgomery & Co., a well established law firm, provided 520 hours of its time to Fink Corporation in exchange for 1,000 shares of Fink's $5 par common stock. Montgomery's usual billing rate is $700 per hour, and Fink's stock has a book value of $260 per share. By what amount will Fink's Paid-in capital - excess of par increase for this transaction?

Reference no: EM13569086

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