Which of the following is not considered to be an asset?
A)equipment
B)dividends declared
C)accounts receivable
D)inventory

Question

Quizplus · Accepted Answer

Dividends declared are not considered an asset; they represent a distribution of earnings to shareholders and reduce the equity of a company, not an asset held by the company. Equipment, accounts receivable, and inventory are all considered assets as they provide future economic benefits to the company.

Which of the Following Is Not Considered to Be an Asset