Intangibles like goodwill Crossword Clue

The solution for the clue "Intangibles like goodwill" from Newsday.com crossword puzzle is mentioned here below. .

Understanding Today's Crossword Puzzle

Today's clue "Intangibles like goodwill" leads to the answer "ASSETS" in this crossword puzzle. The connection between the clue and the answer lies in the nature of intangibles and how they are classified. Here's why "ASSETS" fits perfectly:

• Goodwill as a Part of Assets: In accounting, goodwill is considered an intangible asset. This is because it represents the excess of the purchase price of a company over the fair market value of its net assets.
• Classification of Intangible Assets: Goodwill falls under the category of intangible assets on a company's balance sheet. It represents non-physical assets that still hold value, such as trademarks, patents, and intellectual property.
• Monetary Value: Even though intangibles like goodwill do not have a physical presence, they contribute to the overall asset value of a business. As such, they are crucial in determining the total worth of an entity.

Therefore, in this crossword puzzle, "ASSETS" aptly represents intangibles like goodwill because of their classification as valuable non-physical resources that contribute to the financial health and value of a company.

 The Crossword clue "Intangibles like goodwill" published 1 time/s & has 1 answer/s. 

Crossword	Date	Answer
Newsday.com	15 June 2024	ASSETS