Excess of par increase for transaction, Accounting Basics

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Excess of par increase for transaction

Montgomery & Co., a well established law firm, provided 470 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 $720 per hour, and Fink's stock has a book value of $340 per share. By what amount will Fink's Paid-in capital - excess of par increase for this transaction?

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Accounting Basics: Excess of par increase for transaction

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Accounting Basics: Excess of par increase for transaction

Reference No:- TGS055743

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Recent Questions Asked Accounting Basics

Q : Current value of the futures position

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Ask an Expert for Answer!!

Accounting Basics: Excess of par increase for transaction

Reference No:- TGS055743

Recent Questions Asked Accounting Basics

Q : Current value of the futures position

Q : Will competitive pressures always tempt companies

Q : Compute the value of a share of common stock

Q : Write an essay explaining the body changes observed

Q : Excess of par increase for transaction

Q : Payment of the note at maturity

Q : A construction crew does not begin

Q : Review of financial research report

Q : Identify four steps

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