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Donald Trump Company prepared the following absorption-costing income statement for the first year of operations. The income statement is for the fiscal year ended May

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Donald Trump Company prepared the following absorption-costing income statement for the first year of operations. The income statement is for the fiscal year ended May 31, 2015: Assume actual fixed costs were equal to budgeted fixed costs. Prepare a variable-costing income statement for the year ended May 31, 2015

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