Question: 1. How does earnings as discussed in SFAC No. 2 differ from net income?
2. What is comprehensive income?
3. Is neutrality inconsistent with the external user primary orientation of SFAC Na 1 and the pervasive constraint (benefits > costs) of SFAC No. 2?
4. SFAC No. 6 is largely a repetition of SFAC No.
5. Discuss two possible reasons why this repetition occurred.