Which of the following statements regarding earnings per share is false? 34 Multiple Choice 8 0126.01 It is calculated using the average number of common shares outstanding during the period. It is reported on the income statement It increases when net income increases It would not be affected by additional shares of common stock issued during the year. 35 Oakwood Company had accounts recewable of S751000 and analowance for the counts of $22.000 just prior towing off as worthless a customer's $5.500 account receivable. The net realizable value of Osiowood's accounts receivable as shown by the accounting records before and after the wine off was as follows MO Before 11. Star 15, 0 0 Done 1721, fore Which of the following statements is correct when inventory unit costs are increasing? 36 Multiple Choice 01:25 32 FIFO will result in lower net income and a lower ending inventory value than will LIFO LIFO will result in higher net income and a lower ending inventory value than will FIFO 0 FIFO will result in higher net income and a higher ending inventory value than will LIFO. LIFO will result in lower net income and a higher ending inventory value than will FIFO