question 1

State whether the following statement is true or false: Goodwill, that is the good name of an entity is an example of an intangible assets.

A. True

B. False

Question 2

Indicate by choosing the correct option whether the following statement is true or false: The instalment of a long-term borrowing which is payable in twelve months will be shown as current portion of long-term borrowings under current liabilities on the statement of financial position.

A. True

B. False