Sandoval Inc

question 54

Multiple Choice

Sandoval Inc.incurred the following costs during the year ended December 31, 2017: Assuming the 6 specific conditions have been demonstrated, the total amount to be classified as development costs (either deferred or capitalized) in 2017 is

• A)$145,000.
• B)$240,000.
• C)$327,000.
• D)$600,000.

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Definitions:

Minimal Change Nephrotic Syndrome

A kidney disorder causing significant loss of proteins in the urine, leading to swelling and minimal change seen in kidney tissues.

Corticosteroids

Are a class of steroid hormones that are used in medicine to treat a variety of conditions, including inflammation, autoimmune diseases, and allergies.

Minimal Change Nephrotic Syndrome

A kidney disorder mostly seen in children that leads to significant proteinuria, swelling, and risk of infection, but with minimal changes seen in kidney tissue under a microscope.

Prednisone

A synthetic corticosteroid drug used to suppress the immune system and reduce inflammation in conditions such as asthma, arthritis, and allergic reactions.