Equity can be described as claims ofGroup of answer choicescreditors on total assets.owners on total assets.customers on total assets.auditors on total assets.

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Equity can be described as claims ofGroup of answer choicescreditors on total assets.owners on total assets.customers on total assets.auditors on total assets.
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Solution 1

Equity can be described as claims of owners on total assets.

Here's why:

  1. Equity, in financial terms, refers to the ownership interest in a company. It represents the residual interest in the assets of an entity after deducting liabilities. In other words, equity represents the value of an asse Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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