Final answer:
The issuance of a note payable is classified as a financing activity.
Step-by-step explanation:
The issuance of a note payable is classified as a financing activity in the cash flow statement.
This is because the issuance of a note payable represents a borrowing of funds for the business.
Financing activities involve obtaining or repaying funds from lenders or investors, and the issuance of a note payable falls under this category.