“Tangible” balance sheet item NYT Crossword Clue

“Tangible” balance sheet item NYT Crossword Clue

Let’s find the answers to “Tangible” balance sheet item NYT for the October 16, 2024 edition of NYT crossword puzzle.

Hints

• Answer Contains 5 letters
• Start with A and end with T.
• Possible solutions are ABAHT,ABBOT,ASSET.

Answer

The answer to the “Tangible” balance sheet item NYT crossword clue is "ASSET."

The crossword clue “Tangible balance sheet item” with the answer “ASSET” refers to items that a company owns and can use to generate revenue. In accounting, assets are classified as tangible when they have a physical presence, such as buildings, machinery, inventory, and cash.

Understanding assets is fundamental for evaluating a business's financial position, as they are a key component of the balance sheet, which provides a snapshot of a company's resources and obligations at a specific point in time. Thus, identifying “ASSET” in the context of the clue emphasizes its importance in both accounting and business strategy.