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Ayoyal Inc, which follows IFRS, had the following balances and amounts on its comparative financial statements at year end: Dec 31, 2020 Dec 31, 2019

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Ayoyal Inc, which follows IFRS, had the following balances and amounts on its comparative financial statements at year end: Dec 31, 2020 Dec 31, 2019 Income taxes payable $1.150 $1.500 310 -0 Deferred tax asset Deferred tax liability 2.120 1.530 Income tax expense 2,580 2,060 Deferred tax benefit (530) (310) Calculate income taxes paid in 2020 and discuss the related disclosure requirements under IFRS, italy using either a negative sign preceding the number es. 45 or parentheses es. (451) $ 2870 Income taxes paid mee nail are required to be disclosed Ayayai Inc, which follows IFRS, had the following balances and amounts on its comparative financial statements at year end: Dec 31, 2019 Dec 31, 2020 $1,150 $1,500 310 -0- Income taxes payable Deferred tax asset Deferred tax liability Income tax expense Deferred tax benefit 2,120 1,530 2.580 2,060 (530 (310) X Your answer is incorrect. Calculate income taxes paid in 2020 and discuss the related disclosure requirements under IFRS, if any. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses es. (451) $ 2870 Income taxes paid Under IFRS, income taxes paid are not required to be disclosed

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