6. A company had 10,000 shares outstanding on 1/1. 1,000 new shares were issued on 6/1, and 1,750 shares of treasury stock were purchased on 9/1. What is the weighted average number of shares to be used for the year-end earnings per share calculation (if necessary, round to the nearest whole share)?

a. 10,000

b. 10,083

c. 10,063

d. 9,250

7. Jones Corporation has 100,000 shares of $20 par value common stock outstanding. If Jones declares a 20% stock dividend on its common stock when the market value is $35 per share, for what amount will Additional Paid-in Capital be recorded?

1. $500,000
2. $700,000
3. $400,000
4. $300,000

8. Jackson Co. has 40,000 shares of $5 par value stock outstanding (total legal capital of $200,000). If Jackson splits the stock 2-for-1, what will be the total legal capital of all Jackson Co. shares after the split?

a. $400,000

b. $300,000

c. $100,000

d. $200,000