The owners' claims to the assets of the business are called ________.
A)return on assets
B)expenses
C)equity
D)debt

Question

Quizplus · Accepted Answer

Equity represents the owners' stake in the business and their claims to the assets. Return on assets is a measure of how efficiently a company uses its assets to generate profits, expenses are costs incurred by the business, and debt represents the amount owed to creditors.

The Owners' Claims to the Assets of the Business Are