Which of the following is NOT classified as an asset?

Liabilities are considered obligations that a company owes to other parties and are not classified as assets. Assets represent resources that a company owns and can use to generate future economic benefits. The other options—current assets, other assets, and fixed assets—are all types of assets that contribute to a company's value. Current assets include cash and other resources expected to be converted into cash within one year, while fixed assets pertain to long-term resources like property, plant, and equipment. Other assets can refer to a variety of resources not classified as current or fixed but still provide economic value. Understanding this distinction is key in financial accounting, where assets and liabilities are fundamental components of the balance sheet.