Question

Interperiod equity refers to the concept that current-year revenues are sufficient to pay for services provided that year, so that future taxpayers will not be required to assume the burden for services previously provided. True False

Answer 1

Answer: the answer is True

Explanation: Interperiod equity is the obligation of the Government to let the public know whether the level of the current-year revenues are sufficient enough to pay for the current-year benefits, or if the citizens are currently deferring payments to future taxpayers.

What this means is that interperiod equity refers to whether the current-year revenues will be enough to pay for the services that were provided in a particular year and whether the future taxpayers will be mandated to pay for for services that have been previously provided.

Answer 2

True

Explanation:

INTERPERIOD EQUITY is a government's obligation for enterprise to disclose whether current-year revenues were sufficient to pay for current-year benefits, or was payments defer to future taxpayers. That is, interperiod equity refers to whether the revenues gotten in the current-year are sufficient enough to pay for the services provided that same year.