___________ refers to the claim that owners have on assets.
Explanation: As an owner, you have a claim on the assets of the company. This is known as equity. Equity represents the portion of the company’s assets that you, as an owner, are entitled to. It’s important to remember that equity is not the same as cash. Equity is the portion of the company’s assets that you are entitled to, while cash is the money that you have on hand.
Equity is an important part of owning a business. It gives you a claim on the company’s assets and can be used to finance the growth of the business. If you’re thinking of starting a business, be sure to consult with a financial advisor to discuss the best way to use equity to finance your new venture.