STOCK OPTION is a contractual right granted by a company to the named holder of the option the right to purchase the companys stock at a fixed price stated on the stock option within a specified period of time. If the stock option is not exercised within the specified period of time, then the contractual right lapses.
WORK IN PROCESS is parts and subassemblies in the process of becoming completed finished goods.
REPRODUCTION COST NEW is the current cost of an identical new property.
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