Under the IASB's conceptual framework, a decrease in economic benefit that results in a decrease in equity is termed as a(an):

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An expense is defined under the IASB's conceptual framework as a decrease in economic benefit during the accounting period in the form of outflows or depletions of assets or incurrences of liabilities that result in decreases in equity, other than those relating to distributions to owners.

Under the IASB's Conceptual Framework, a Decrease in Economic Benefit