rating activities, and thus cash flows from operating activities. FASB has taken the position that activities that are not investing or financing are classified as operating. Operating activities also typically involve producing and delivering goods and services, which factor into the determination of net income. However, in addition, profit is often considered the primary criterion for cash flow as coming from operating activities. These activities are the major profit-directed activities undertaken by an organization (Alver, 2005).
             In addition to operating activities, investing activities and financing activities are the remaining classifications for cash receipts and payments. Investing activities generally is deemed to be cash used or provided by the purchase and sale of income-producing assets. These activities affect total assets and asset composition. In contrast, financing activities "measures the flow of cash between a firm and its owners and creditors. Activities in this category involve transactions with creditors and owners" (Alver, 2005). It is these three categories that provide the structure for both the
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