The owner's claim to the assets of the business is called ________.
A) return on assets
B) expenses
C) equity
D) debt

Question

Quizplus · Accepted Answer

Equity represents the owner's claim to the assets of the business, which includes any profits or losses generated by the business. Return on assets and expenses are financial metrics used to measure the profitability of the business, while debt represents money owed by the business to creditors.

The Owner's Claim to the Assets of the Business Is