Question

please help me get numbers

Grouper Corporation has historically followed ASP, but is considering a change to IFRS. It has temporary differences at December 31, 2020, that result in the following SFP future income tax Deferred tax liability, current Deferred tax asset, current Deferred tax liability, non-current Deferred tax asset, non-current $35,300 $50.00 $91,200 $25,000 (a) Your answer is partially correct. Try again. Indicate how these balances will be presented in Grouper's December 31, 2020 SFP, assuming that Grouper reports under the ASPE ture income taxes method Grouper Corporation (Partial) Statement of Financial Position Long-Term Liabilities Future Taxity 3530

Answer 1

Grouper Corporation (Partial) Statement of Financial Position December 31, 2020 Current Assets Future Tax Assets $15,500 Non Current Liability Future Tax Liability $66,200 Workings: Deferred tax assets, current = $50.800 - $35,300 $15,500 Deferred tax liability, non-current = $91,200 - $25,000 $66,200