"Economists and accountants agree that the concept of income is vitally important. However, the two disciplines disagree on what income is and how it should be measured.

Team Debate:

• Team 1: Present arguments in favor of the economist's view of the concept of income.
• Team 2: Present arguments in favor of the accountant's view of the concept of income."

Instead of breaking into teams, summarize the major arguments in favor of BOTH views (i.e., present the arguments in favor of the economist's view of income followed by the arguments in favor of the accountant's view of income). Then select the view of income YOU find most convincing on the basis of the arguments presented and defend your professional opinion.