Answer:
The correct answer is A deferred tax liability of $11 million and a deferred tax asset of $15 million.
Explanation:
According to the scenario, the given data are as follows:
Tambura deferred tax asset = $5 million
Valuation allowance = $2 million
Deferred tax liability = $14 million
So, Tambura asset / liability = deferred tax asset - Valuation allowance - Deferred tax liability
= $5 million - $2 million - $14 million
= - 11 million ( negative sign represents liability)
Tambura deferred liability = 11 million
Nileboo deferred tax asset = $18 million
Deferred tax liability = $3 million
So, Nileboo asset / liability = deferred tax asset - Deferred tax liability
= $18 million - $3 million
= $15 million( positive sign represents the assets)
Nileboo deferred assets = $15 million
Hence, A deferred tax liability of $11 million and a deferred tax asset of $15 million.
