Googlebot has become extremely intelligent since its inception, and I'd guess that most members here would probably agree that it's gotten to the point where it can detect virtually any type of content on a page.
For the purposes of analyzing the actual content that it indexes and uses for ranking / SEO, however, I'd venture to guess that the best test would be viewing the page source after the page has loaded.
If you can see the content you're questioning in the actual HTML, then Google will probably index it, and use it considerably for ranking purposes.
On the other hand, if you just see some type of javascript snippet / function where the content would otherwise be located in the page source, Google can probably read it, but won't likely use it heavily when indexing and ranking.
There are special ways to get Google to crawl such content that is loaded through javascript or other types of embeds, but it's been my experience that most embeds are not programmed this way by default.