In the united kingdom firms revalue tangible assets upward


Question: 1. In the United Kingdom, firms revalue tangible assets upward and recognize the value of brands on the balance sheet. In the United States, this accounting is not permitted. In which country would you expect the average return on common equity for firms to be higher?

2. What is a "hidden reserve"? What does it mean to "release hidden reserves"?

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Finance Basics: In the united kingdom firms revalue tangible assets upward
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