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Lewelling company issued 119,000 shares of its $1 par common stock to Michael Morgan law...

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Accounting

Lewelling company issued 119,000 shares of its $1 par common stock to Michael Morgan law firm as a compensation for 5,900 hours of legal services performed. Morgan's usual rate is $290 per hour. By what amount should Lewellings paid in capital excess of par increase as a result of this transaction

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