The Quessaro group consolidates three subsidiaries. A (country X): deferred tax asset 300,000 and deferred tax liability 1,000,000, with a right to set off its current tax. B (country X, a taxable entity separate from A, with no intention of settling net with A): asset 450,000. C (country Y): liability 200,000. Compute total deferred tax assets and total deferred tax liabilities presented in the consolidated statement of financial position.
- A's deferred tax asset
- 300,000
- A's deferred tax liability
- 1,000,000
- B's deferred tax asset
- 450,000
- C's deferred tax liability
- 200,000