ACC 700 MENTOR Great Stories /acc700mentor.com ACC 700 MENTOR Great Stories /acc700mentor.com | Page 3

Land with the land improvements were sold at book value (no gain or
loss) in 2014. (Note: To evaluate the sale, use the following accounts:
land,
building and land improvements, and Other Noncurrent Assets)
New equipment purchased with cash for $2,739,067 in 2014
New storage building purchased with cash for $135,000 in 2015
No investments have been sold or purchased in 2014 or 2015
There are currently 8,275,000 shares of common stock outstanding.
No additional common stock has been sold or repurchased in any of
the aforementioned
years.
Artifact One: Financial Statements and Analysis
The first artifact that you will include in your portfolio is the
comprehensive, professional report that you create for the board of
directors of Chester, Inc.—a large
publicly traded client at S.N.H.U., LLC. The report should contain
your findings with the financial statements package as an appendix
(Excel attachment).
Incorporate the feedback that you receive from your instructor during
the development of this artifact.
Appendix: These sections should be completed first, before you write
your report. Use the proper format for each section in accordance
with Generally Accepted
Accounting Principles (GAAP) and note and explain differences
under International Financial Reporting Standards (IFRS) where
appropriate: