Which of the following statements is not true in relation to the definitions and/or recognition criteria for elements in financial reports as outlined in the Conceptual Framework?

(a) The definitions of equity, income and expenses are related to the definitions of assets and liabilities.

(b) The measurement of equity, income and expenses is dependent on the measurement of assets and liabilities.

(c) The measurement of income and expenses is dependent on the measurement of equity.

(d) Income is defined as increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in increases in equity, other than those relating to contributions from equity participants.