TOTAL ASSETS Definition

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TOTAL ASSETS is the total of all assets; both current and fixed.

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DEMINIMUS, root is De minimis non curat lex (Latin), a common law principle whereby judges will not sit in judgment of extremely minor transgressions of the law. It has been restated as "the law does not concern itself with trifles". It is commonly used to include a test of anyone judging conformance to accounting principles, regulations or rules.

ATP is an acronym for After Tax Profit, Accredited Tax Preparer, and possibly more.

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