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.
A loan payable charges interest, and is usually based on the earlier receipt of a certain sum of cash from a lender. As an example of a loan payable, a business obtains a loan of $100,000 from a third party lender and records it with a debit to the cash account and a credit to the loan payable account.efinition: A loan is an arrangement under which the owner of property (usually cash) allows another party the use of the property in exchange for an interest payment and the return of the property at the end of the lending arrangement.