Master Corp. has 10,000 common shares outstanding during the year. Net income for the year...
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Master Corp. has common shares outstanding during the year. Net income for the year was $ On the date of grant, the common shares were trading at $ per share. During the year, the average price of its com mon stock was $ Required a Prepare the journal entry on the date of grant, January b Prepare the journal entry on December c Calculate basic EPS. d Calculate diluted EPS. 
Master Corp. has common shares outstanding during the year. Net income for the year was $ On
the date of grant, the common shares were trading at $ per share. During the year, the average price of its com
mon stock was $
Required
a Prepare the journal entry on the date of grant, January
b Prepare the journal entry on December
c Calculate basic EPS.
d Calculate diluted EPS.
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