Which statement relating to the moving average method of costing inventories, used with the perpetual inventory system, is untrue? Select one: a. A new average cost is calculated after each purchase return. b. In periods of rising prices the profit result is between that of the FIFO and LIFO methods. c. The formula for average cost is cost of goods available for sale divided by units for sale. d. A new average cost is calculated after each sale. IAS 16/AASB 116 Property, Plant and Equipment specifies that the cost of acquisition for fixed assets includes: Select one: a. Purchase cost plus any incidental costs directly attributable to acquiring the asset and getting it ready for use. b. Invoice cost. c. Carrying value in the previous owner's books. d. Invoice cost plus freight inwards, plus other costs of acquiring the asset. Which of the following accounts used to record the issue of shares is a permanent account? Select one: a. Call b. Allotment c. Application d. Share capital