Question
Montgomery& co. a well-established law firm provided 500 hours of its time to FINK corporation in exchange for 1000 shares of Fink's $5 per ordinary
Montgomery& co. a well-established law firm provided 500 hours of its time to FINK corporation in exchange for 1000 shares of Fink's $5 per ordinary shares. Mitchell'sbiling rate is $700 per hour, and Fink's shares have a book value of $250 per share. by what amount will Fink's share premium increase for this transaction?
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne M. Mowen
4th Edition
0324069731, 978-0324069730
