All businesses are involved in three types of activities-financing, investing, and operating. Listed below are the names and descriptions of companies in several different industries. Abitibi Consolidated Inc.-manufacturer and marketer of newsprintCal State-Northridge Stdt Union-university student unionOracle Corporation-computer software developer and retailerSportsco Investments-owner of the Vancouver Canucks hockey clubGrant Thornton LLP-professional accounting and business advisory firmSouthwest Airlines-discount airlineFor each of the above companies, provide examples of a financing activity, an investing activity, and an operating activity that the company likely engages in. Which of the activities that you identified in part (a) are common to most businesses? Which activities are not?
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