TOTAL CURRENT LIABILITIES Definition

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TOTAL CURRENT LIABILITIES is the total of notes payable-short term, current maturities-LTD, trade payables, income taxes payable, and all other current liabilities.

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DAY TRADE is the purchase and sale or the short sale and cover of the same security in a margin account on the same day.

INHERENT LIMITATION is whether the potential effectiveness of an entity's internal control is subject to inherent limitations, e.g., human fallibility, collusion, and management override.

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