$($ii$)$ TRUE OR FALSE QUESTIONS

Indicate whether the following statements are True or False. Motivate your

answer.

The post$-$closing Trial Balance is naturally a list of the closing balances at the

commencement of the next accounting period.

Goodwill is disclosed as a current asset in the consolidated annual financial

statements.

A private company normally invites the general public to subscribe to its

shares by publishing a prospectus that provides the intending investor with

financial and other information about its activities or intended activities.

The term 'stock' refers to capital that is not split into separate shares.

'Voting rights' means the right to vote at general meetings and thereby

influence the control of the company's affairs.