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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;
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.
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