ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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MATERIAL MISSTATEMENT Definition
MATERIAL MISSTATEMENT is accidental or intentional untrue financial statement information that influences a companys value or price of stock.
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PREMIUM BOND is a bond selling above its par value or its value at maturity.
INTERPERIOD EQUITY is a government's obligation to disclose whether current-year revenues were sufficient to pay for current-year benefits, or did current citizens defer payments to future taxpayers, i.e. it refers to whether current-year revenues are sufficient to pay for the services provided that year and whether future taxpayers will be required to assume burdens for services previously provided.