Owner's equity is often referred to as net assets and represents the residual amount of business assets that can be claimed by the owner.

Name: Owner's equity is often referred to as net assets and represents the residual amount of business assets that can be claimed by the owner.
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Owner's equity, indeed, is often referred to as net assets because it represents the residual interest in the assets of the entity after deducting liabilities, essentially what can be claimed by the owner(s).

Owner's Equity Is Often Referred to as Net Assets and Represents