Silvadore group. P and Q (country M) are separate taxable entities that have a right of set-off and intend to settle net in each future period: P's liability 820,000, Q's asset 260,000. R (country M, outside this arrangement, with no right or intention to settle net with P or Q): asset 140,000. S (country N): asset 90,000 and liability 30,000, same taxable entity, right of set-off. What totals of deferred tax assets and liabilities does the group present?
- P's deferred tax liability
- 820,000
- Q's deferred tax asset
- 260,000
- R's deferred tax asset
- 140,000
- S's deferred tax asset
- 90,000
- S's deferred tax liability
- 30,000