The first step in preparing a report is to sit down and begin writing immediately; this technique allows you to capture your best ideas quickly

When using the trial balance worksheet to prepare the statement of retained earnings, what information is used from the trial balance worksheet?

A) net income or net loss B) revenues and expenses C) beginning balance of retained earnings and dividends D) cash balance

Sam purchases a U.S. savings bond which he registers as follows: "Sam, payable to Don upon Sam's death.". A gift occurs when Sam purchases the bond

a. True b. False Indicate whether the statement is true or false