The IASB Issued an Exposure Draft (ED)in May 2015 Entitled

The IASB issued an Exposure Draft (ED) in May 2015 entitled "Conceptual Framework for Financial Reporting" including proposed changes to the definitions of assets and liabilities.For most assets and liabilities, applying the new definition

A) yields the same accounting results as the current definition.
B) results in more conservative reporting of assets, and more aggressive reporting of liabilities.
C) results in more aggressive reporting of assets and more conservative reporting of liabilities.
D) results in more conservative reporting of both assets and liabilities.