Question

multiple choice question
identify which of the following lists include only examples of assets.

equipment, dividends, land
building, cash, accounts receivable
cash, accounts payable, supplies
unearned revenue, accounts payable, cash

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Explanation:

Step1: Define assets

Assets are resources owned by a business with future economic value.

Step2: Analyze each option

• Option1: Dividends are distributions of earnings (not assets), so invalid.
• Option2: Building (fixed asset), Cash (current asset), Accounts receivable (current asset) are all assets.
• Option3: Accounts payable is a liability (not asset), so invalid.
• Option4: Unearned revenue and Accounts payable are liabilities (not assets), so invalid.

Answer:

B. Building, Cash, Accounts receivable