Problem
1. How does earnings as discussed in SFAC No.
2 differ from net income?
3. What is comprehensive income?
4. Is neutrality inconsistent with the external user primary orientation of SFAC Na 1 and the pervasive constraint (benefits > costs) of SFAC No. 2?
5. SFAC No. 6 is largely a repetition of SFAC No.
6. Discuss two possible rea-sons why this repetition occurred.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.