Which of the following statements about the elements of financial statements is NOT TRUE?

	A.	Equity is the residual interest in the non-current assets of the entity after deducting all its non-current liabilities. Equity claims are claims on the residual interest in the non-current assets of the entity after deducting all its non-current liabilities.
	B.	The elements of financial statements are linked to the economic resources, claims and changes in economic resources and claims.
	C.	A liability is a present obligation of the entity to transfer an economic resource as a result of past events. An obligation is a duty or responsibility that an entity has no practical ability to avoid.
	D.	An asset is a present economic resource controlled by the entity as a result of past events. An economic resource is a right that has the potential to produce economic benefits.