The object of the Stupid Mouse Click Game is to see how many times you can click your mouse button in ten seconds. Press the START button and then click like a madman on the CLICK HERE button as many times as you can. What is the point of this game?
Rating Newest Oldest. It is neither. It is a liability. Obtaining or repaying a mortgage is a financing activity. Making interest payments on the mortgage is an operating activity. A liability is not an activity. Cash receipts and payments are classified as operating, financing, or investing activities.btaining or repaying a mortgage is a financing activity. Making interest payments on the mortgage is an operating activity. A liability is not an activity.
Good question. Second mortgage is secured and has higher priority to the extent that there is equity in the property. Accounts payable should be treated as general unsecured creditors. All notes would be equal to accounts payable unless they are expressly subordinated. Then, there could be senior subordinated notes and junior subordinated notes. In that case, general notes would be payable first, equal to other accounts payable. Senior subordinated notes would be payable next and then junior subordinated notes. Just because a note is designated senior does not render it prior to other general unsecured debt. At best, it would be equal to othe general unsecured debt. Read the terms of the note closely.