The following are independent statements regarding corporate income taxes:
1. The choice to adopt the taxes payable method or future income taxes method is available only under ASPE.
2. If a private company that adopts ASPE chooses the future income taxes method, the accounting for corporate taxes is the same as under IFRS.
3. Future income taxes are classified as noncurrent when recorded, under both IFRS and ASPE.
4. A company that uses ASPE may choose to use the future income tax method for some types of temporary differences only.
5. When the taxes payable method is used by a company that adopts ASPE, taxes payable is equal to tax expense.
6. Under IFRS, tax expense is based on taxes payable combined with the effect of any temporary differences.
7. Sources of temporary differences must always be disclosed under both IFRS and ASPE.
8. Under both IFRS and ASPE, a statement of cash flows must disclose the amount of taxes actually paid or received for the year as part of cash flow from operations.

Required:
Review each item and state whether it is true or false and why.