Brady's listing of deferred tax assets and liabilities includes the following for operations in the tax jurisdictions of Tambura and Nileboo:
- Brady files separate tax returns in Tambura and Nileboo. Brady's balance sheet would include the following disclosure of deferred tax assets and liabilities:

Question

Brady's listing of deferred tax assets and liabilities includes the following for operations in the tax jurisdictions of Tambura and Nileboo: 
- Brady files separate tax returns in Tambura and Nileboo. Brady's balance sheet would include the following disclosure of deferred tax assets and liabilities:

Quizplus · Accepted Answer

Tambura and Nileboo can't be offset against each other, so Tambura has a net deferred tax liability of $14 - ($5 - 2) = $11, and Nileboo has a net deferred tax asset of $18 - 3 = $15.

Brady's Listing of Deferred Tax Assets and Liabilities Includes the Following