The owner's claim over the assets of the business.Select one:a.Statement of Financial Positionb.Capitalc.Expensesd.Revenue
Question
The owner's claim over the assets of the business.Select one:a.Statement of Financial Positionb.Capitalc.Expensesd.Revenue
Solution
The owner's claim over the assets of the business is represented by the term "Capital". So, the answer is b. Capital. This refers to the amount of money that the owner has invested in the business. It's the owner's stake in the business, so to speak. If the business was to be sold, the owner would be entitled to this amount, assuming all debts of the business were paid off.
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