All business are involved in three types of activities—financing, investing, and

(SO 3) operating. Listed below are the names and descriptions of companies in several different industries.

Abitibi Consolidated Inc.—manufacturer and marketer of newsprint Cal State-Northridge Stdt Union—university student union Oracle Corporation—computer software developer and retailer Sportsco Investments—owner of the Vancouver Canucks hockey club Grant Thornton LLP—professional accounting and business advisory firm Southwest Airlines—discount airline Instructions

(a) For each of the above companies, provide examples of (1) a financing activity, (2) an investing activity, and (3) an operating activity that the company likely engages in.

(b) Which of the activities that you identified in

(a) are common to most businesses?

Which activities are not?

Classify accounts.