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Sneakers New 44 Eu Genuine amp; Giuseppe Leather Men Buckle Gz High Accessory Ski White top Zanotti

Sneakers 44 Zanotti Ski New Giuseppe Gz Genuine Eu top Accessory Buckle High Men amp; White Leather qZxawvdaY


Definition

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According to IASB Frmework liability is defined as follows:

A liability is a present obligation of the enterprise arising from past events, the settlement of which is expected to result in an outflow from the enterprise of resources embodying economic benefits (IASB Framework).

Explanation

In simple words, liability is an obligation of the entity to transfer cash or other resources to another party.

Liability could for instance be a bank loan, which obligates the entity to pay loan installments over the duration of the loan to the bank along with the associated interest cost. Alternatively, an entity's liability could be a trade payable arising from the purchase of goods from a supplier on credit.

Classification

Liabilities may be classified into Current and Non-Current. The distinction is made on the basis of time period within which the liability is expected to be settled by the entity.

Current Liability is one which the entity expects to pay off within one year from the reporting date.

Non-Current Liability is one which the entity expects to settle after one year from the reporting date.

Types and examples

Following are examples the common types of liabilities along with their usual classifications.

Liability Classification
Long Term Bank Loan Non-current
Bank Overdraft current
Short Term Bank Loan current
Trade Payables current
Debenture Non-current
Tax Payble Current

It may be appropriate to break up a single liability into their current and non current portions. For instance, a bank loan spanning two years and carrying 2 equal installments payable at the end of each year would be classified half as current and half as non-current liability at the inception of loan.

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Elements of Financial Statements
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Gently used
  • Exterior scuffs or marks

This item has visible signs of wear

SKU: GZ-1RM5031004-44.1



100% AUTHENTIC GUARANTEED! SAME BUSINESS DAY PRIORITY SHIPPING!



Please note: This item is a store display model and has minor cosmetic imperfections on the vamp. All pictures shown are of the actual product and are true, unaltered depiction of the product. Please don't hesitate to contact us if you have any questions, we will be glad to answer.



Details



- Giuseppe Zanotti Men White High-Top Sneaker



- Material: Genuine white leather upper, leather lining and 1.5 inch rubber outsole.



- Features: Signature dual strap detail across the front with ski buckles, Silver-tone hardware, Exposed zipper detail at sides and back, Lace-up front with Giuseppe Zanotti leather logo patch on tongue.



- Made in Italy. Included: Giuseppe Zanotti branded box and dust bag.



- SIZE: US 11 / EU 44 Please feel free to contact us for exact measurements.



- Model: 1RM5031, 004



- Made in: Italy



Giuseppe Zanotti creatively incorporates silver-tone hardware and ski buckles into this updated rendition. A statement on its own, this pair will add an edge to any downtime ensemble.


Brand:

Color:

Heel Height:

Flat

Size:

US Size:

11

Style/Collection:

Width:

Regular (M, B)

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Estimated U.S. Delivery

Mon 9/3/18 - Thu 9/6/18 (3-6 days)

Fair & Simple Returns

Feel free to return this item for any reason and get Tradesy Site Credit. Use your credit to buy something that makes you happy. Just a heads up, purchases outside the U.S. are Final Sale.

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    Submit a return request within 4 days of delivery

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    Pack and ship the item using our free return shipping label

  3. -or-
  4. 1.

    Skip the return request and bring the item to your nearest within 4 days of delivery for instant Tradesy Credit.


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