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This year, Trek Bicycle Company reported the following information related to its deferred tax assets and deferred tax liabilities from the same tax jurisdiction: Long-term
This year, Trek Bicycle Company reported the following information related to its deferred tax assets and deferred tax liabilities from the same tax jurisdiction: Long-term deferred tax assets $ 17 million Long-term deferred tax liabilities $ 16 million Will Trek report a long-term net deferred tax asset or a long-term net deferred tax liability this year on its balance sheet? (Enter your answer in millions.)
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