Question

select all that apply
which of the following accounts is an asset? (check all that apply.)
retained earnings
cash
accounts payable
building
accounts receivable
supplies
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Explanation:

An asset is a resource owned/controlled by a business with future economic value:

1. Cash: Liquid asset for transactions.
2. Building: Tangible fixed asset for operations.
3. Accounts receivable: Amounts owed to the business (future cash inflow).
4. Supplies: Consumable resources for business use.

Retained earnings are equity, and accounts payable is a liability.

Answer:

• Cash
• Building
• Accounts receivable
• Supplies