36. Eamings per share shall be computed on the basis of average ordinary and preference shares outstanding during the year. True False 37. In the computation of weighted average shares outstanding, when a share dividend or share split occurs, the additional shares are considered outstanding at the beginning of the latest year reported. True False 38. Dilution of EPS is defined as decrease in share capital. True False 39. Options and warrants are dilutive if the option price is lower than the average market price True False