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Montgomery& Co., a well-established law firm, provided 540 hours of its time to Fink Corporation in exchange for 1,000 shares of Fink's $5 par common

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Montgomery& Co., a well-established law firm, provided 540 hours of its time to Fink Corporation in exchange for 1,000 shares of Fink's $5 par common stock. Montgomery's usual billing rate is $790 per hour, and Fink's stock has a book value of $220 per share. By what amount will Fink's Paid-in capital-excess of par increase for this transaction? Multiple Choice $371,600. $423,100 $421,600. $426,600. Res

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