Explain What Coding Is and Describe Why and How Dummy

question 17

Essay

Explain what coding is and describe why and how dummy coding is done.

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Definitions:

Investing Activity

Financial actions related to acquiring or disposing of non-current assets or investments, contributing to the long-term operations and growth of a company.

Operating Activities

Activities that are directly tied to the production and delivery of goods and services, representing the primary revenue-generating activities of an entity.

Cash Equivalents

Short-term, highly liquid investments that are readily convertible to known amounts of cash and so close to their maturity that they present insignificant risk of changes in value.

Investing Activities

Transactions related to the acquisition or disposal of long-term assets and other investments not classified as cash equivalents.