All companies are involved in three types of activities: operating, investing, and financing. The names and descriptions of corporations in several different industries follow:

Indigo Books & Music-book retailer

High Liner Foods-processor and distributor of seafood products

Mountain Equipment Co-op-outdoor equipment retailer

Ganong Bros.-maker of candy

Royal Bank-banking and financial service provider

Instructions

(a) For each of the above corporations, provide a likely example of

(1) One of its operating activities,

(2) One of its investing activities, and

(3) One of its financing activities.

(b) Which of the activities that you identified in (a) are common to most corporations? Which activities are not?