The concept of interperiod equity refers to whether Multiple Choice Revenues equaled or exceeded expenses...

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Accounting

The concept of interperiod equity refers to whether
Multiple Choice
Revenues equaled or exceeded expenses for the year.
Total astets (curent and noncurent) were sufficient to
cover total habilites frumant and noneurent)
Current year revemues were suificient to pay for current-
year services.
Future taxpayers can expect to receive the same or a
higher level of services as current taxpayers.
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