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6 March, 08:58

Cash receipts received from the issuance of a mortgage notes payable would be classified as a (n) a. noncash investing and financing activity. b. operating activity. c. investing activity. d. financing activity.

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  1. 6 March, 10:00
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    It is financing activity (D)

    Explanation:

    Option (A) False. Example of non-cash item iclude profit on disposal of asset.

    Option (B) False. Examples of operating activities include increase/decrease in receivables, payables e. t. c

    Option (C) False. Examples of investing activity include purchase or disposal of non-current assets.

    Option (D) True. Issuance of mortgage notes will generate additional finance for the company for relevant investment.
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