Cash borrowed on a mortgage note would be a(n) ________ activity.

Question

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Cash borrowed on a mortgage note is categorized as a financing activity since it involves acquiring funds to manage the company's operations. Investing activities include purchasing or selling long-term assets such as property, plant, and equipment, while operating activities include revenues and costs associated with core business operations. Non-cash activities include a variety of accounting adjustments or reclassifications that do not involve cash transactions.

Cash Borrowed on a Mortgage Note Would Be A(n) ________