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The concept of interperiod equity refers to whether Multiple Choice Total assets ( current and noncurrent ) were sufficient to cover total liabilities ( current
The concept of interperiod equity refers to whether
Multiple Choice
Total assets current and noncurrent were sufficient to cover total liabilities current and noncurrent
Future taxpayers can expect to receive the same or a higher level of services as current taxpayers.
Revenues equaled or exceeded expenses for the year.
Currentyear revenues were sufficient to pay for currentyear services.
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