1) In the statement of cash flows, the purchase of supplies is classified as: Operating activities Financing activities Investing activities Managing activities 2) All of the following are characteristics of mortgage payable except: A contractual agreement between owner and a renter that gives the renter the right to use an asset owned by the owner for the agreement term. A written promise to pay a stated amount of money at one or more specified future dates. Assets purchased are usually pledged as security or collateral on the loan. UN 26 Dia