An Item That Can Be Converted into Cash or Used

question 93

Multiple Choice

An item that can be converted into cash or used up during the normal operating cycle is

• A) a current asset.
• B) Plant and Equipment.
• C) a current liability.
• D) a long-term liability.

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Definitions:

Synapse

The junction between two neurons where transmission of nerve impulses occurs through chemical messengers called neurotransmitters.

Synaptic Vesicles

Synaptic vesicles are small sacs in neurons that store neurotransmitters, which are chemical messengers released during synaptic transmission.

Synapse

The junction between two neurons or between a neuron and a muscle or gland, through which nerve impulses pass.

Axon

A thin, elongated extension of a neuron, or nerve cell, that usually transmits electrical signals from the cell body of the neuron.