1.Under Statements of Financial Accounting Concepts, comprehensive income includes which of the following?

Select one: a. Gains: No / Gross Margin: No b. Gains: No / Gross Margin: Yes c. Gains: Yes / Gross Margin: No d. Gains: Yes / Gross Margin: Yes

2

According to the FASB's conceptual framework, which of the following relates to both relevance and faithful representation?

Select one:

a. Comparability: Yes / Neutrality: Yes

b. Comparability: Yes / Neutrality: No

c. Comparability: No / Neutrality: Yes

d. Comparability: No / Neutrality: No