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7. Which of the following practices is most likely to undermine interperiod equity? a. Paying for a new school building out of current operating funds

7. Which of the following practices is most likely to undermine interperiod equity?

a. Paying for a new school building out of current operating funds

b. Paying the administrative staff of a school out of current operating funds

c. Issuing 20year bonds to finance construction of a new highway

d. Recognizing gains and losses on marketable securities as prices increase and decreas

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