Answer: The difference between its total assets and total liabilities.

The correct answer is **B** because the book value of a company's equity is calculated as the difference between its total assets and total liabilities. This reflects the accounting value of equity as per the balance sheet. - **Option A** is incorrect as it describes the intrinsic value, not the book value. Intrinsic value is based on the present value of expected future cash flows. - **Option C** is incorrect because it refers to the market value of equity (market capitalization), which is determined by the current share price and the number of outstanding shares.

Author: LeetQuiz Editorial Team