Business, 31.05.2020 05:59 taraiahwilliams2052

Montgomery & Co., a well-established law firm, provided 500 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 $250 per share. By what amount will Fink's paid-in capital—excess of par increase for this transaction? Group of answer choices C) $350,000. D) $300,000. B) $295,000. A) $345,000.

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