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Events result in a recordable transaction for the toro co

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Reference no: EM13880533

Do the following events result in a recordable transaction for The Toro Company? Answer yes or no for each.

____1. Toro purchased robotic manufacturing equipment that it paid for by signing a note payable.

____2. Toro's president purchased stock in another company for his own portfolio.

____ 3. The company lent $ 550 to an employee.

____ 4. Toro ordered supplies from Office Depot to be delivered next week.

____ 5. Six investors in Toro sold their stock to another investor.

____ 6. The company borrowed $ 2,500,000 from a local bank.  

Reference no: EM13880533

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