Question One: "CPA Exam Practice Memo" Planning (Assess, Brainstorm, Outline)

Directions:

Step 1: Please review the "CPA Exam Slides Part I: Assess, Brainstorm, and Outline" available on Canvas in the Module:Preparing for CPA Exam Written Communication Tasks.

Step 2. Assume you are taking the BEC (Business Environment & Concepts) Section of the CPA Exam. Read the Written Communication Task and are asked the question below:

White Oak Farms is a publicly traded company that produces vegetables and grains and operates domestically "farm-to-table" restaurants featuring organic menus in several states. White Oak Farms has 1,500 employees, with approximately 50% working part-time.Management is considering brewing its own beer for sale at these restaurants but would want to make sure that such production fits within its business plan of producing and selling organic, environmentally safe food products. White Oak corporate officers believe that White Oak's stock is undervalued on the stock market. White Oak has saved on its taxes due to the cut in the corporate tax rate from 35% to 21% under the 2017 Tax Cuts and Jobs Act.

White Oak CEO, Anderson Boss, has asked you, a business consultant, to write memo offering alternatives on how White Oak might use its tax savings.

Based on this CPA Exam Practice Question, please "assess, brainstorm, and outline" your answer to this question.

a.Assess: What is your role in the Written Communication Task's scenario? To whom are you writing?What is the purpose of your memo?

b.Brainstorm: Based on the slides you reviewed in Step 1, "brainstorm" ideas based on your business knowledge and current reading of The Wall Street Journal in the space below, taking as much space as you need. Please do not spend time researching the answer.You may need to infer facts or make assumptions.

c.Outline: Based on the slides you reviewed in Step 1, organize your ideas into an outline of your response, taking as much space as you need.