Sandlewood construction inc. recognizes revenue over time according to percentage of completion for its long-term construction contracts. in 2018, sandlewood began work on a $10,000,000 construction contract, which was completed in 2019. the accounting records disclosed the following data at the end of 2018: costs incurred $ 5,400,000 estimated cost to complete 3,600,000 progress billings 4,100,000 cash collections 3,200,000 in addition to accounts receivable, what would appear in the 2018 balance sheet related to the construction accounts?

Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u. s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.