1. Your company has sold an operating plant for $5 million. The value of the plant on your company’s balance sheet is $3 million. Given the basic accounting equation what will the result of this transaction be? Please show the amounts and the balance sheet categories that are changed.

Which of the following statements concerning an organization's strategy is true? a. cost accountants formulate strategy in an organization since they have more inputs about costs. b. businesses usually follow one of two broad strategies: offering a quality product at a high price, or offering a unique product or service priced lower than the competition. c. a good strategy will always overcome poor implementation. d. strategy specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives.