The owner's claim to the assets of a business is called owner's equity.

Name: The owner's claim to the assets of a business is called owner's equity.
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Quizplus · Accepted Answer

Owner's equity represents the residual interest in the assets of a business after liabilities are deducted. It is the owner's claim on the assets and represents the value of the business to the owner. Therefore, the statement is true.

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