On June 30, 2013, Stephans Company showed the following data on the equity section of their balance sheet: 
On July 1, 2013, Stephans distributed a 5% stock dividend. The market value of the stock at that time was $13 per share. Following this transaction, what would be the new balance in the Common stock account?
Definitions:
Economies of Scale
The financial benefits gained by businesses as a result of their operation size, wherein the expense for each unit produced typically drops as the scale expands.
Average Total Costs
The total cost of production divided by the quantity of output produced; it includes both fixed and variable costs.
Economies of Scale
Refers to the cost advantage that arises with increased output of a product, where the average cost per unit decreases as production scales up.
Diseconomies of Scale
The phenomenon where a company's production costs increase as it produces more, resulting in a decrease in efficiency.
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