All of the following are accounting factors that will cause a firm's value-to-book ratio to decrease over time except:
A) recognizing unrealized gains on assets
B) a loss of competitive advantage through changes in technology or other factors
C) earning a high ROCE (above the equity cost of capital) on off-balance-sheet R&D assets
D) earning a high ROCE (above the equity cost of capital) on off-balance-sheet intangible assets (such as brand equity) over time

Question

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The Answer of All of the following are accounting factors that will cause a firm's value-to-book ratio to decrease over time except:
A) recognizing unrealized gains on assets
B) a loss of competitive advantage through changes in technology or other factors
C) earning a high ROCE (above the equity cost of capital) on off-balance-sheet R&D assets
D) earning a high ROCE (above the equity cost of capital) on off-balance-sheet intangible assets (such as brand equity) over time

All of the Following Are Accounting Factors That Will Cause