How do NOLs impact the three statements?

Net operating losses. After an acquisition, how do NOLS affect the three statements If given a net income of $20

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“Isabelle is a great professional with strong, relevant experience. She went through the IB recruiting process herself, so her advice was concrete rather than generic. We aligned quickly on what I should be prioritising to break into investment banking, and she gave me clear next steps: target spring weeks, build an Excel tracker of key banks and companies, practise interviews regularly, and get the technicals and financials airtight. Above all, she stressed that consistent hard work is what makes the difference. I left the session with a clear plan and more confidence about the process.”

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“The session was very helpful particularly the detailed review of my CV and the discussion of networking strategies. My mentor gave practical suggestions on how to present my experience more clearly and make my bullet points more relevant to investment banking. I also appreciated the advice on identifying contacts and writing more personalised outreach messages. The only improvement would be to leave little more time for concrete networking examples and a clearer list of next steps after the call.”

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How do NOLs impact the three statements?

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