Reference no: EM133132030

Question - Flint Corporation has historically followed ASPE, but is considering a change to IFRS. It has temporary differences at December 31, 2020, that result in the following SFP future income tax accounts:

Deferred tax liability, current $30,600

Deferred tax asset, current $50,500

Deferred tax liability, non-current $91,000

Deferred tax asset, non-current $23,700

Required - Indicate how these balances will be presented in Flint's December 31, 2020 SFP, assuming that Flint reports under the ASPE future income taxes method.