0656000 and the estimated total costs to complete had not changed. The progress billings during 2021 were $5000000 and the cash collected during 2021 was 3220000. Ivanhoe uses the percentage-of-completion method. For the year ended December 31, 2021, Ivanhoe would recognize gross profit on the building of:

Which of the following statements is true of the balanced-scorecard? a. it is a more or less a one-dimensional metric of measuring competitive advantages of a firm. b. it is one of the traditional approaches of measuring firm performance. c. its primary focus is to base a firm's strategic goals entirely on external performance dimensions. d. it attempts to provide a holistic perspective on firm performance.