A Secondary Lysosome

question 94

Multiple Choice

A secondary lysosome

• A) provides a backup to the primary lysosomes.
• B) is smaller than a primary lysosome.
• C) is used to break down macromolecules through hydrolysis.
• D) is a primary lysosome that has fused with a mitochondrion.
• E) has exocytosed its contents to the exterior of the cell.

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Definitions:

Provisions

Liabilities of uncertain timing or amount, recorded to account for future obligations or potential losses.

Contingent Liabilities

Possible obligations that arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity.

Contingent Assets

Possible assets that arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of certain future events not wholly within the control of the company.

Constructive Obligation

An obligation that derives from an entity’s actions where: (a) by an established pattern of past practice, published policies or a sufficiently specific current statement, the entity has indicated to other parties that it will accept certain responsibilities; and (b) as a result, the entity has created a valid expectation on the part of those other parties that it will discharge those responsibilities.