Question

Identify which of the following lists include only examples of assets.

A.Cash, accounts payable, supplies
B.Unearned revenue, accounts payable, cash,
C.Equipment, dividends, land
D.Building, cash, accounts receivable

Answer 1

The correct answer is option A. Cash and supplies are examples of assets, while accounts payable and unearned revenue are liabilities in accounting.

Step-by-step explanation:

The correct answer is option A. A list of assets includes items that are of value and can be used to produce something. In this case, cash and supplies are assets as they are items that hold value and can be used in various ways. Accounts payable, on the other hand, is a liability as it represents money owed to others. Unearned revenue is also a liability, representing money received for goods or services that haven't been delivered yet.