Question: Exercise 19.7 (Algo) Income reporting under absorption costing and variable costing LO P2 Sims Company began operations on January 1 . Its cost and saloc


Exercise 19.7 (Algo) Income reporting under absorption costing and variable costing LO P2 Sims Company began operations on January 1 . Its cost and saloc infnu..... Prepare an income statement for the year using variable costing. Prepare an income statement for the year using absorption costing
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