In the Conceptual Framework, expenses are defined as:

(a) decreases in economic benefits 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 equity participants.

(b) increases in economic benefits 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 equity participants.

(c) decreases in economic benefits during the accounting period in the form of inflows of assets or incurrences of liabilities that result in decreases in equity, other than those relating to distributions to equity participants.

(d) decreases in economic benefits during the accounting period in the form of outflows or depletions of assets or incurrences of liabilities that result in decreases in equity, including those relating to distributions to equity participants.