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EXCEL - IDEA: XBRL DOCUMENT - Lollipop CorpFinancial_Report.xls
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v2.4.0.8
INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2013
Income Taxes Tables  
Provision (benefit) for income taxes

The (benefit)/provision for income taxes for the years ended December 31, 2013 and 2012, was as follows (assuming a 15% effective tax rate):

 

    December 31,     December 31,  
    2013     2012  
    $     $  
             
Current Tax Provision            
Federal-            
Taxable income            
Total current tax provision     -       -  
      -       -  
                 
Deferred Tax Provision                
Federal-                
Loss carry forwards     3,965       6  
Change in valuation allowance     (3,965 )     (6 )
Total deferred tax provision     -       -  
Deferred income tax assets
The Corporation had deferred income tax assets as of December 31, 2013 and 2012, as follows:                
                 
Loss carry forwards     3,971       6  
Less - Valuation allowance     (3,971 )     (6 )
      -       -