QUESTION 32 Interperiod equity refers to a condition whereby Total tax revenues are approximately the same from year to year Taxes are distributed fairly among all taxpayers, regardless of income level Current year revenues are sufficient to pay for current year services Current year revenues cover both operating and capital expenditures QUESTION 33 A government places an order for a particular item of equipment and encumbers $5,500. The item arrives accompanied by an invoice for $5,200. The entries that the government should make should include (but are not necessarily be limited to: A debit to expenditures for $5,200, a debit to fund balance for $300, and a credit to reserve for encumbrances for $5,500 A debit to expenditures for $5,200, a credit to encombrances for $5,200, and a credit to accounts payable for $5,200 A debit to expenditures for $5,200, a credit to encumbrances for $5,500, and a credit to accounts payable for $5,200 A debit to expenditures for $5.200, a credit to reserve for encumbrances for $5,200, and a credit to accounts payable for $5,200 Click Save and submit to see and submit. Click Save All Answer to save all anders MI MacBook Air