(ii) TRUE OR FALSE QUESTIONS Indicate whether the following statements are True or False. 1. The post-closing Trial Balance is naturally a list of the closing balances at the commencement of the next accounting period. 2. Goodwill is disclosed as a current asset in the consolidated annual financial statements. 3. 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. 4. The term 'stock' refers to capital that is not split into separate shares. 5. Voting rights' means the right to vote at general meetings and thereby influence the control of the company's affairs. 6. Arbitrage is the simultaneous buying and selling of the same article in two or more markets. 7. The consistency concept is that a company will continue in operation for the foreseeable future. 8. A public company must have at least one director and a private company must have at least two. 9. A joint venture is a temporary partnership between two or more traders in respect of some particular trading transaction or speculation 10. Shareholders' equities refers to money obtained by or due to long- and short-term lenders of loans