Problem
1. Why is comprehensive income an application of proprietary theory?
2. If a separate statement of comprehensive income is presented, do all elements of comprehensive income appear in this statement?
3. Why is "less" really "more" with SFAS No. 128 on earnings per share?
4. Describe the incentives that might motivate income smoothing, and the ways it could be done.
5. Why is income smoothing difficult to research, and what are the research findings to date?
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.