3M Company, headquartered in St. Paul, Minnesota, manufactures Post-It Notes and Scotch Tape, among many other products. With a strong commitment to sustainability, in 2006 alone, 3M expended about $18 million for capital projects related to protecting the environment. Do the following events result in a recordable transaction for 3M? Answer yes or no for each.
___ 1. The company sold its pharmaceuticals business in the United States, Canada, and other regions of the world.
___ 2. The company received additional investments from investors (its corporate owners).
___ 3. The company signed an agreement to rent a building in the United Kingdom; no cash was exchanged.
___ 4. The company paid for renovations to add pollution control devices to manufacturing facilities in California.
___ 5. The vice president of the company spoke at a sustainability luncheon in Indiana, which contributed to building the company's reputation as a responsible company