... issuance of notes, debt, sale of equity, etc – Payments on notes, debt, dividends, etc 13 Classifying Financing, Investing, and Operating Transactions Financing and Investing Transactions Operating ... Chapter The Financial Statements Business Activities Business activities are reflected in financial statements; business activities include: – Operating activities – selling goods and services ... Revenues and expenses 14 Classifying Operating Transactions Transitory Group C Gains and losses due to change in accounting principles Extraordinary items Persistent Group B Group A Revenues and Normal...