Which of the following are considered components of liabilities?

The correct answer is the option that includes accounts payable and accrued liabilities, which are indeed components of liabilities.

Liabilities are defined as obligations that a company owes to external parties, which arise from past transactions and are expected to require future economic sacrifices. Accounts payable represent amounts a company owes to suppliers for goods and services received but not yet paid for, while accrued liabilities refer to expenses that have been incurred but not yet paid, such as wages payable or taxes owed. Both types of liabilities are essential components of the balance sheet, reflecting the company's debts and obligations that will need to be settled in the future.

In contrast, the other options include items that do not fall under liabilities. Cash and inventory are classified as assets, representing resources owned by a company. Assets and expenses are separate classifications; expenses represent costs incurred during the business operations but do not constitute liabilities themselves. Revenue and dividends relate primarily to the income and profit distribution of the company, respectively, rather than its obligations to creditors.