Ee 360. Indicate how these balances will be presented in Ivanhoe's December 31, 2023 SFP, assuming that Ivanhoe reports under theASPE future income taxes method.Long-Term LiabilitiesDeferred Tax LiabilityIVANHOE CORPORATION(Partial) Statement of Financial PositionDecember 31, 202317100 Current Attempt in ProgressIvanhoe 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:Future tax liability, currentFuture tax asset, currentFuture tax liability, non-currentFuture tax asset, non-current(a)$32.70049,80092,30022,700!Your answer is partially correct.Indicate how these balances will be presented in Ivanhoe's December 31, 2023 SFP, assuming that Ivanhoe reports under theASPE future income taxes method.

The balance sheet is commonly referred to when preparing statements of financial position. The…

Indicate how these balances will be presented in Ivanhoe's December 31, 2023 SFP, assuming that Ivanhoe reports under the ASPE future income taxes method. Long-Term Liabilities Dofo Jimbillt IVANHOE CORPORATION (Partial) Statement of Financial Position December 31, 2023

Indicate how these balances will be presented in Ivanhoe's December 31, 2023 SFP, assuming that Ivanhoe reports under the ASPE future income taxes method. Long-Term Liabilities Dofo Jimbillt IVANHOE CORPORATION (Partial) Statement of Financial Position December 31, 2023

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Concept explainers

Deferred Tax

Deferred tax is an estimated future tax which is made while preparing accounts. It is estimated as a result of past and present transactions in the financial statements. It is not the actual tax which needs to be paid or refundable from the revenue authority, it is an accounting entry. It exists because of the difference between accounting profits and taxable profits.

Question

Ee 360.

Indicate how these balances will be presented in Ivanhoe's December 31, 2023 SFP, assuming that Ivanhoe reports under the
ASPE future income taxes method.
Long-Term Liabilities
Deferred Tax Liability
IVANHOE CORPORATION
(Partial) Statement of Financial Position
December 31, 2023
17100

Current Attempt in Progress
Ivanhoe 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:
Future tax liability, current
Future tax asset, current
Future tax liability, non-current
Future tax asset, non-current
(a)
$32.700
49,800
92,300
22,700
!
Your answer is partially correct.
Indicate how these balances will be presented in Ivanhoe's December 31, 2023 SFP, assuming that Ivanhoe reports under the
ASPE future income taxes method.

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