Owner's equity can be described as O a. debtor claim on total assets. O b. creditorship claim on total assets. OC benefactor's claim on total assets. O d. ownership claim on total assets. George and Ringo met at law school and decide to start a small law practice after graduation. They agree to split revenues and expenses evenly. The most common form of business organization for a business such as this would be a O a. corporation O b. proprietorship OC joint venture. d. partnership