The owners' claims to the assets of the business are called:
A) revenues.
B) liabilities.
C) owners' equity.
D) expenses.

Name: The owners' claims to the assets of the business are called: A) revenues. B) liabilities. C) owners' equity. D) expenses.
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Question

Quizplus · Accepted Answer

Owners' claims to the assets of the business refer to the amount of capital that the owners have invested in the business. This is represented by the owners' equity account in the balance sheet. Therefore, the correct answer is C - owners' equity.

The Owners' Claims to the Assets of the Business Are