What happens if a discharged monoester player returns

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How must Bill Ahern resolve the accounting conflict between the Kansas City Zephyrs Baseball Club owners and the players? Explain how much did the Kansas City Zephyrs baseball club earn in 1983 as well as 1984.
Why does net income not equivalent cash flows or why do we need an accrual accounting?
What significance are the periodic net income numbers if the clubs can always be sold for huge profits?
Why do the dissimilarities between players, owners, GAAP and truth number exist?
What happens if a discharged monoester player returns to active roster while continuing to earn the same money promised him in his guaranteed contract?

Reference no: EM1399789

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