$($ii$)$ TRUE OR FALSE QUESTIONS

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

your answers.

Goodwill is disclosed as a current asset in the consolidated annual

financial statements

The statement of changes in equity reflects all changes in share

capital and reserves during the year

Joint ventures are uncommon in business, where one company

joins with another to become one company

ICG $-$ NOVEMBER $2020$

FINANCIAL ACCOUNTING $2$

Goodwill is the benefit arising from connection and reputation and

from the probability that the old customers will remain

A close corporation is a legal entity of which not more than ten

natural persons can be members