Based on the corporate valuation model, Wang Inc.'s total corporate value is $750 million. Its balance sheet shows $100 million notes payable, $200 million of long-term debt, $40 million of common stock (par plus paid-in-capital), and $160 million of retained earnings. What is the best estimate for the firm's value of equity (in millions)?
A. $423
B. $450
C. $531
D. $522
E. $360
Answer: B
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Describe U.S. GAAP and IFRS requirements in accounting for the business combination
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