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QUESTION 18 Texas Corp. Comparative Balance Sheet December 31, 2024 and 2023 2024 2023 Increase/(Decrease) Accounts Payable $8,000 $9,000 $(1,000 Accrued Liabilities 3,000 1,500 1,500

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QUESTION 18 Texas Corp. Comparative Balance Sheet December 31, 2024 and 2023 2024 2023 Increase/(Decrease) Accounts Payable $8,000 $9,000 $(1,000 Accrued Liabilities 3,000 1,500 1,500 Long-term Notes Payable 56,000 60.000 (4,000 Total Liabilities $67,000 $70,500 $(3,500) The change in Accounts Payable is reported as a negative cash flow in the adjustments to net income. O True O False

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