a) A companys deferred tax assets and liabilities include the following for operations in the tax jurisdictions of Country T and Country N:

Country T: Deferred tax asset of $5 million, Deferred tax liability of $14 million

Country N: Deferred tax asset of $18 million, Deferred tax liability of $3 million

The Company files separate tax returns in both countries. Brady's balance sheet would include the following disclosure of deferred tax assets and liabilities:

A) A deferred tax asset of $6 million.

B) A deferred tax liability of $17 million and a deferred tax asset of $21 million.

C) A deferred tax liability of $19 million and a deferred tax asset of $23 million.

D) A deferred tax liability of $9 million and a deferred tax asset of $15 million.

b) ABC had a deferred tax asset of $100 million with no valuation allowance in 2020. At the end of 2021, ABC had a deferred tax asset of $120 million before assessing the need for a valuation allowance and income taxes payable of $80 million. ABC determined that it was more likely than not that 20% of its deferred tax assets will not be realized. What amount should ABC report as income tax expense in its 2021 income statement?

A) $64 million.

B) $80 million.

C) $84 million.

D) $96 million.

Can someone please help explain these problems? thank you