A company borrowed ($ 50,000) by giving its bank a 60 -day, (12 %) interestbearing note. When

Question:

A company borrowed $\$ 50,000$ by giving its bank a 60 -day, $12 \%$ interestbearing note. When the note was repaid, the company also paid interest of $\$ 1,000$. On the statement of cash flows, where should the $\$ 1,000$ interest payment be reported?

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