Hello, I need help with an accounting case study:

Kansas City Zephyrs Baseball Club, Inc. (http://cpbucket.fiu.edu/1148-acg6175xf1148_hcmbah-86084%2Fkansas-city-zephyrs-baseball-club,-inc.-2006.pdf)

The questions are:

• • Why does net income not equal cash flows?
  • Why is accrual accounting needed?

• Why do the differences between owners, players, and GAAP number exist?

• Of what importance are the periodic net income numbers if the clubs can always be sold for huge profits?
• • How should Bill Ahern resolve the accounting conflict between the owners and players?
  • HowmuchdidtheKansasCityZephyrsBaseballClubearnin1983and1984?

Thank you very much