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QUESTION

As used by GASB, interperiod equity refers to which of the following?

As used by GASB, interperiod equity refers to which of the following? Financial reporting should:a. Provide information to assist users in assessing the government’s economy, efficiency, and effectiveness. b. Demonstrate whether resources were obtained and used in accordance with the entity’s legally adopted budget.Provide information to determine whether current-year revenues were sufficient to pay for current-year services.Demonstrate compliance with finance-related contractual requirements.

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