Find the Indicated Quantity $a _ { 31 }$ , When $\mathrm { a } _ { 1 } = 1$

question 81

Multiple Choice

Find the indicated quantity.
- $a _ { 31 }$ , when $\mathrm { a } _ { 1 } = 1$ and $\mathrm { d } = - \frac { 7 } { 6 }$

• A) \(\frac { 223 } { 6 }\)
• B) 36
• C) \(- 34\)
• D) \(- \frac { 211 } { 6 }\)

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Definitions:

Lease Receivable

An asset account that records the amount due to be received by a lessor from a lessee under the terms of a lease agreement.

Sales-type Lease

A type of lease where the lessor recognizes immediate profit on the lease, similar to a sale, often used in equipment and vehicle financing.

Long-term Asset

A long-term asset is a resource owned by a company, providing economic benefits for a period extending beyond one year, including property, plant, and equipment.

Balance Sheet

A document that presents a snapshot of a corporation's financial health, by detailing assets, liabilities, and shareholders' equity on a specific date.