Interperiod equity refers to a condition whereby a. Total tax revenues are approximately the same from year

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Interperiod equity refers to a condition whereby
a. Total tax revenues are approximately the same from year to year
b. Taxes are distributed fairly among all taxpayers, regardless of income level
c. Current-year revenues are sufficient to pay for current-year services
d. Current-year revenues cover both operating and capital expenditures

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Government And Not For Profit Accounting Concepts And Practices

ISBN: 9781119803898

9th Edition

Authors: Michael H. Granof, Saleha B. Khumawala, Thad D. Calabrese

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