Discussion Questions Why is profit an estimate? The profit and loss statement is known by several other names. List these other names. Revenue might also be called, When a business owner talks about the bottom line, he or she is talking about which line from the profit and loss statement? Net income is another name for, What is the difference between cash and revenue? Why must a successful business have both cash and profit? Describe a situation where a business might be earning a profit but have a negative cash flow from operations Describe a situation where a business might have a positive cash flow from operations but not be earning a profit. Describe a situation where a business might be earning a profit and have a positive cash flow from operations, yet have a negative net cash flow.