Companies file for bankruptcy protection more often than not due to cash problems. We know from studying accrual accounting that profits and cash flow most often have different timing. Comment on how the income statement and the cash flow statement are connected. Do you feel both statements provide sufficient information for internal managers and external investors to make good decisions? Provide support for your response.

Your grade is calculated based on your personal response to the discussion topics AND responses to at least two classmates. Your discussion post and responses to classmates must be substantive. As a guideline, your discussion should be 3 - 4 paragraphs comprised of 5 -7 sentences per paragraph. Your responses to classmates should each be 2 -3 paragraphs with 5-7 sentences per paragraph.