Final answer:
The $50,000 borrowed by Raxon Company from the bank is classified as debt.
Step-by-step explanation:
The subject of this question is Business. The student is asking about the category or classification of the $50,000 borrowed by Raxon Company from the bank.
The correct answer is a) Debt. When a company borrows money from the bank, it creates a debt obligation that needs to be repaid over time.