Kamsky Inc., which follows ASPE, had the following balances and amounts appear on its comparative financial statements at year end:
Dec. 31, 2014..........Dec. 31, 2013
Income taxes payable................................$1,200.................$1,400
Future tax asset (current) ..............................300.....................-0-
Future tax liability (non-current) ...................1,950..................1,600
Income tax expense...................................2,500..................2,100
Future tax benefit.......................................(600)..................(200)
(a) Calculate income taxes paid and discuss the related disclosure requirements under ASPE, if any.
(b) If Kamsky followed IFRS instead of ASPE, would the disclosure requirements for income taxes paid be any different?