What is the term for the claims owners have against the firm's assets?
A) assets
B) owners' equity
C) liabilities
D) loans payable

Name: What is the term for the claims owners have against the firm's assets? A) assets B) owners' equity C) liabilities D) loans payable
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Question

Quizplus · Accepted Answer

Owners' equity represents the claims owners have against the firm's assets, reflecting the residual interest in the assets of the entity after deducting liabilities.

What Is the Term for the Claims Owners Have Against