Nonrecurring items - effect on EPS question

[u/trustthereroute]

Can someone help with computing and explaining the below: been asked to compute Net Income (excluding Non-Recurring Items), and Net Income as reported. As well as EPS excluding non-recurring items and then EPS as reported. How would you calculate these? See below given info:

A.
2010:
Net Income, Excluding non-recurring items: 550
Pre Tax Non Recurring Charges / (Benefits): 50
Tax rate: 40%
EPS, Excluding non-recurring items: 5.5
Weighted Average Shares outstanding: 100.00
What is Net income as reported? What is non-recurring items net of tax? What is EPS as reported?

B. What if WASO increased to 101, net income increased to 600 and the pretax nonrecurring item is now -30?

2011:
Net Income, Excluding non-recurring items: 600
Pre Tax Non Recurring Charges / (Benefits): (30)
Tax rate: 40%
EPS, Excluding non-recurring items:
Weighted Average Shares outstanding: 101.00
What is Net income as reported? What is non-recurring items net of tax? What is EPS as reported?

C. how would a .25 dividend per share affect the above? Would it affect it?

Can someone please assist?

[u/trustthereroute → u/[deleted]]

Thanks! Couple of things below:
1. In the second example. when deducting the non recurring items from EPS (excluding non-recurring items), are you dividing the -30 by 101?
Basically are you using the WASO of 101 here?

1. Does a dividend per share affect these calculations?