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Montgomery & Co., a well-established law firm, provided 500 hours of its time to Fink Corporation and received 1,000 shares of Fink's P5 par ordinary
Montgomery & Co., a well-established law firm, provided 500 hours of its time to Fink Corporation and received 1,000 shares of Fink's P5 par ordinary shares in exchange for services rendered. Montgomery's usual billing rate is P700 per hour, and Fink's shares has a book value of P250 per share. By what amount will Fink's paid in capitalexcess of par or share premium increase for this transaction?
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