1. Which total is more indicative of future earnings and would be more likely used by investors, net income or comprehensive income? Explain your answer by identifying the differences between net income and comprehensive income (i.e., what income effects are included in comprehensive income but not net income).

1. Describe the reasons for including certain losses and gains in other comprehensive income rather than net income.

1. What are the three methods of disclosure available to companies regarding other comprehensive income items and comprehensive income?