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.
Interest payments on a note payable do not change the notes payable account, but they do reduce a companyâs cash flow because the company is using its cash. When a business makes an interest payment, it reports the amount as a cash outflow in the operating activities section of the cash flow statement. note payable is a debt that is established with a written agreement, such as a bank loan. The notes payable account in the liabilities section of the balance sheet represents the total amount a business owes on these particular debts.