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The sharetsolders' equity section of the statement of financial position of Crane Winery inc at December 31, 2024, is given below: On December 31, 2024,
The sharetsolders' equity section of the statement of financial position of Crane Winery inc at December 31, 2024, is given below: On December 31, 2024, the board of directors proposed a five-for-four common stock yplit. The proposal was approved and new shares were distributed among shareholders. The market price of the shares on December 31,2024 , was $22 per share. (a) Your answer is correct. Determine the number of shares that were distributed among the shareholders as a result of the five f for-four stocks splt. The number of shares distributed from the split What accounting entry will be made for this split? (Credlit occount tilles ore outomatically indented when the amount is entered, Do not indent manuolly. If no entry is required, select "No entry" for the occount tithes and enter O for the amounts. List debit entry before credit entry) eTextbook and Media List of Accounts Attempts: 1 of 3 used (c) What would be the expected market price for the shares after giving rise to the five.for-four stock split? (Round answer to 2 decimal places, eg. 15.25.) Expected market price $5
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