Which of the Following are Considered Assets ? \( \square \) 'Revenues \( \square \) Cash \( \square \) Inventory \( \square \) Accounts Payable \( \square \) Dividends \( \square \) Contributed Capital \( \square \) Accounts Receivable

When thinking about assets, remember that they are valuable resources owned by an entity, expected to provide future economic benefits. So, cash, inventory, and accounts receivable fit the bill perfectly as they directly contribute to the wealth of the business, while revenues and dividends represent earned income and distributions which are not assets themselves. On the flip side, accounts payable and contributed capital are liabilities and equity categories respectively—money owed and the owner's investment in the business. So, if you’re trying to fill your asset box correctly, don’t let liabilities sneak in!