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Velcraft Company Has 20,000,000 Shares of Common Stock Authorized,but to Date,has

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Velcraft Company has 20,000,000 shares of common stock authorized,but to date,has only 12,000,000 shares outstanding,each with a $1.00 par value.The company has $24,000,000 in additional paid-in capital and retained earnings are $96,000,000.What is Velcraft's current book value per share?

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Voice Commands

Instructions or commands delivered by a user's voice to an electronic device, allowing for hands-free control over its functions.

Open Source Software

software with its source code made freely available, allowing anyone to inspect, modify, and distribute the software as they see fit.

Flexibility

The quality of being adaptable or the willingness to adjust to new conditions, an essential trait in business, technology, and personal growth.

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A condition or circumstance that places one in a favorable or superior position, often compared to competitors.

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