“Tangible” balance sheet item

Cracking the Code: Unveiling the “Tangible” Balance Sheet Item

Crossword puzzles are a delightful challenge, but sometimes the clues throw us a curveball. Today, we’re tackling a clue that delves into the world of accounting and financial statements.

The clue reads:

“Tangible” balance sheet item

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This might seem like a straightforward clue, but it’s actually a bit trickier than it first appears. Let’s dissect the clue and pinpoint the key terms:

“Tangible”

: This word tells us that we’re looking for something that has physical substance. In the context of accounting, it’s anything that can be physically touched or seen.

“Balance sheet item”

: This narrows down our search to a specific part of a company’s financial report. The balance sheet is a snapshot of a company’s assets, liabilities, and equity at a particular point in time.

Putting these clues together, we’re looking for a physical asset that is listed on a company’s balance sheet. Now, let’s see if we can crack the code and find the answer!

Don’t forget to leave your guesses in the comments below. I’ll reveal the answer in a future post!

Available Answers:

ASSET.

Last seen on the crossword puzzle: NY Times Crossword 16 Oct 24, Wednesday