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6. Red Hot Chili Peppers Co. had the following activity in its most recent year of operations. Classify the items as (1) operating-add to net

6.

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Red Hot Chili Peppers Co. had the following activity in its most recent year of operations. Classify the items as (1) operating-add to net income; (2) operating-deduct from net income; (3) investing: (4) financing; or (5) significant noncash investing and financing activities. Use the indirect method. Items (a) Purchase of equipment. (b) emption of bonds payable.

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