Nowadays, many organizations are putting a lot of emphasis on their Corporate Social Responsibilities, better known as CSR. Social Responsibilities are beliefs based on the value system that enables us to differentiate the RIGHT from WRONG practices. Do you think this os True or False? * 1 True False The Acme Company has some outstanding bills that need to be paid this week. You have been appointed as the new Accounts Executive and you were wondering what happens to an expense when it is paid. Your colleague said "An expense paid with cash would result in an equal decrease in liabilities and stockholders' equity". Is this statement True or False? * True False 1