All expected future payments are liabilities.

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Faith Spencer · Accepted Answer

Final Answer : False, Explanation :  Not all expected future payments qualify as liabilities. For a payment to be considered a liability, it must be a present obligation arising from past events, where the settlement is expected to result in an outflow of resources embodying economic benefits. Expected future payments might include estimations or plans that do not meet the criteria for recognition as liabilities in financial accounting.

All expected future payments are liabilities.

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