$($ii$)$ TRUE OR FALSE QUESTIONS

Indicate whether the following statements are True or False.

Arbitrage is the simultaneous buying and selling of the same

article in two or more markets.

The consistency concept means that a company will continue in

operation for the foreseeable future.

A public company must have at least one director and a private

company must have at least two.

A joint venture is a temporary partnership between two or more traders in respect of

some particular trading transaction or speculation.

Shareholders' equities refers to money obtained by or due to long$-$

and short$-$term lenders of loans.

Goodwill is disclosed as a current asset in the consolidated annual

financial statements