Question: apters 11 and 18 i Saved Help Save & Exit Montgomery & Co., a well-established law firm, provided 560 hours of its time to Fink

 apters 11 and 18 i Saved Help Save & Exit Montgomery

apters 11 and 18 i Saved Help Save & Exit Montgomery & Co., a well-established law firm, provided 560 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 $310 per share. By what amount will Fink's paid-in capital-excess of par increase for this transaction? Multiple Choice O $387,000. O $390,500 O $392,000 O $348,600

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