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Becky Dool just inherited a 1967 Ford Mustang from her late Aunt Cybil. Aunt Cybil purchased the car 40 years ago for $6,000. Becky is either going to sell the car for $8,000 or have it restored and sell it for $22,000. The restoration will cost $6,000. Becky would be better off by:
Select one:
a. $2,000 to have the vehicle restored
b. $6,000 to have the vehicle restored
c. $8,000 to have the vehicle restored
d. $10,000 to have the vehicle restored
Mitchell's usual billing rate is $720 per hour, and Fink's stock has a book value of $340 per share. Illustrate by what amount will Fink's Paid-in capital – excess of par increase for this transaction?
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