Bestor Travel, Inc manufactures and sells high quality light weight luggage highly prized in the market for its style and durability. Use the information from Figure 13-1 and the Book value Plus Adjustment method to value the firm's equity
A) $1,100,000
B) $1,200,000
C) $1,300,000
D) $1,400,000
D
Explanation: D) BV + Adjustments = $1,200,000 + ($750,000 - $550,000 ) + ($100,000 - $60,000 ) + ($180,000 - $220,000 ) = $1,400,000.
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