Sonia Corporation has historically followed ASPE, but is considering a change to IFRS. It has temporary differences at December 31, 2023, that result in the following SFP future tax accounts:

Indicate how these balances will be presented in Sonia’s December 31, 2023 SFP, assuming

(a) That Sonia reports under the ASPE future income taxes method, and

(b) That Sonia follows IFRS for reporting purposes.

Transcribed Image Text:

Future tax liability, current Future tax asset, current Future tax liability, non-current Future tax asset, non-current $33,000 48,000 91,000 24,000