Brady's listing of deferred tax assets and liabilities includes the following for operations in the tax jurisdictions of Tambura and Nileboo: Tambura: Deferred tax asset of $9 million Valuation allowance of $6 million Deferred tax liability of $18 million Nileboo: Deferred tax asset of $30 million Deferred tax liability of $7 million Brady files separate tax returns in Tambura and Nileboo. Brady's balance sheet would include the following disclosure of deferred tax assets and liabilities: A deferred tax liability of $21 million and a deferred tax asset of $29 million. A deferred tax liability of $27 million and a deferred tax asset of $35 million. A deferred tax asset of $8 million. A deferred tax liability of $15 million and a deferred tax asset of $23 million