Which of the following accounts is not considered an asset?

Question

Quizplus · Accepted Answer

Retained Earnings is not considered an asset because it is an accumulation of a company's profits that have not been distributed to shareholders as dividends, and therefore does not represent a physical or monetary resource. The other three options are all considered assets - Accounts Receivable represents money owed to a company by customers, Inventory represents goods held for sale, and a Trademark represents intellectual property that has value.

Which of the Following Accounts Is Not Considered an Asset