In this 1.5 -2 page paper, you must describe at least two reasons why PROFIT does not equal cash. Be sure to provide examples and explanations of why PROFIT is an estimate on the Income Statement. Avoid copying the exact same examples and definitions from the book.
You may choose a format of your choice (technical report style or memo format) but your paper must have an introduction, clear headings, and a conclusion. If you include a title page, your paper should increase by 1 page.