i know there are no multiple choices. All of them are possible questions for exam so I just wanted answer for them.

Corporate Accounting - Revision Theory - MCO 1. What are the valuation techniques? (Market approach, cost approach, income) 2. Who are responsible in preparing financial reports? I 3. Who are responsible in deciding dividend payout percentage? 4. What is non-controlling interest? 5. Explain the initial recognition of lease from the perspective of lessee & lessor. 6. How do you determine goodwill or gain on bargain purchase? 7. What is the purpose of impairment loss? 8. How do you determine an impairment loss? 9. Explain internal and external indications for impairment test. 10. What are the steps in acquisition method? 11. What are the advantages of identifying acquisition date? 12. What are the reasons for preparing consolidated financial reports? English (Australia