Lol Income Taces Cumulative

1730 Words May 1st, 2015 7 Pages
Handout 1 — LOL Draft Income Statement and Excerpt From Tax Footnote as of December 31, 2010

|LOL Corporation |
|CONSOLIDATED STATEMENT OF OPERATIONS |
|Years ended December 31, 2010, 2009, and 2008 |
|(in thousands) |
| |2010 |2009 |2008 |
|
…show more content…
|- |
| | | | | | | |
|Net deferred tax asset (liability) | | | ???? | 60,000 |
| | | | | | | |
| | | | | | | |

At December 31, 2010, LOL had $270 million of net operating loss carryforwards. Of these,
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