The IASB Issued a New "Conceptual Framework for Financial Reporting

The IASB issued a new "Conceptual Framework for Financial Reporting" in March 2018 that included 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 previous definitions.
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.