Using the Conceptual Framework for Financial Reporting 2021, provide a brief explanation of whether you agree or disagree with the following statements:

1. The primary purpose of general purpose financial reports (GPFR) is to provide accountability.

2. Land received as a gift (ie, no cash payment) can still be recorded in GPFR.

3. The payment of a dividend is an expense.

4. A court order for an entity to repair the environmental damage it has caused must be recognised as a liability in the statement of financial position.