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Montgomery & Co, a well established taw firm provided 470 hours of its time to Fink Corporation and received 1,000 shares of Fink's $5 par
Montgomery & Co, a well established taw firm provided 470 hours of its time to Fink Corporation and received 1,000 shares of Fink's $5 par common stock in exchange for services rendered. Montgomery's usual billing rate is $700 per hour, and Fink's stock has a book value of $240 per share. By what amount will Fink's paid-in capital-excess of par increase for this transaction? Multiple Choice $324000 O $325,000 0 5329.000
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