Determine Whether the Given Solution Is Correct $$x - \frac { 1 } { 2 } x - 3 = 1$$

question 71

Multiple Choice

Determine whether the given solution is correct. If it is not, find the solution.
- $$x - \frac { 1 } { 2 } x - 3 = 1$$

• A) \(x = 8\)
• B) \(x = - 4\)
• C) \(x = 4\)
• D) \(x = - 8\)

---

Definitions:

Capital Lease

A lease agreement that is considered a purchase of an asset for accounting purposes, because it transfers substantially all the risks and rewards of ownership.

Bargain Purchase Price

A price for an asset that is significantly below its fair market value.

CRA

Credit Risk Analysis, assessing the risk of default on a loan by evaluating the potential borrower's creditworthiness, or it could stand for Canada Revenue Agency, the federal agency responsible for tax laws for the Canadian government.

Operating Lease

A lease agreement allowing the use of an asset without ownership, typically with shorter terms than capital leases.