Differentiate between Comprehensive Income and the Income Statement, accounting homework help

1) In a short paragraph, .Go to the Financial Accounting Foundation Website to view the news release titled FASB Issues Accounting Standards Update to Improve Presentation of Comprehensive Income, located at http://www.fasb.org/jsp/FASB/FASBContent_C/NewsPage&cid=1176158617999), create one (1) argument to support the use of a two-stepapproach over the single-step approach when reporting comprehensive income.Support your response with specific examples that illustrate why the two-stepapproach is more beneficial than the single-step approach.2) Differentiate between a multi-step income statement and a comprehensive incomestatement, and suggest which income statement is more useful to investors andcreditors. Provide a rationale for your suggestion.