Two topics:

• Explain the conflicts of interest that can arise between owners and managers
• Explain sources and uses of cash and the Statement of Cash Flows

1. Please choose two topics of your choice from chapters 1-4 and describe in words what you learned providing an explanation of words for each topic.

2. Pose two questions on material that is not clear to you from chapters 1-4. Let's try to answer each other's questions to test our own understanding of the material. Only two replies are required this week.