Moore Company Reported Net Income of $60,000 in 2010 and $80,000

question 186

Essay

Moore Company reported net income of $60,000 in 2010 and $80,000 in 2011. However, ending inventory was overstated by $5,000 in 2010.
Instructions
Compute the correct net income for Moore Company for 2010 and 2011.

---

Definitions:

Macro's Conditional Expression

An expression within a macro that causes actions to be carried out only if specific conditions are met.

Form Control

A user interface element such as text boxes, buttons, or sliders that allows users to interact with a form.

Class Modules

In programming, a type of module used to define custom classes which include methods, properties, and events.

Command Button

A graphical user interface element that users can interact with to perform an action, such as submitting a form or opening a new window.