Access the Yahoo! (ticker: YllOO) lO-K report for the year ended December 1,201 1, tiled on Februarv 29. 2012. at www.SKt'.gov.

Required 1. What amount of goodwill is reported on Yahool’s balance sheet? What percentage of total assets does its goodwill represent? Is goodwill a major asset for Yahoo!? Explain.

2. Locate Note .‘i to its financial statements. Identify the change in goodwill from December 1,2010, to December 31,201 1. Comment on the change in goodwill over this perioil.

3. Locate Note () to its financial statements. What are the three categories of intangible assets that Yahoo! reports at December 31,201 1 ? What proportion of total assets do the intangibles represent?

4. What does Yahoo! indicate is the life of “IVade names, trademarks, and domain names" accortling to its Note 6? Comment on the difference between the estimated useful life and the legal lif'e of Yahool’s trademark.