Under the foreign substance test, if a person were injured by a chicken bone while eating a chicken salad sandwich, then the implied warranty would be breached

On June 30, Coral, Inc finished Job 750 with total job costs of $4,700, and transferred the costs to Finished Goods Inventory

On July 6, it completed the sale of the goods to a customer for $5,000 cash. Which of the following is the correct journal entry to record the cost of goods sold? A) debit Finished Goods Inventory $4,700 and credit Cost of Goods Sold $4,700 B) debit Cost of Goods Sold $4,700 and credit Work-in-Process Inventory $4,700 C) debit Work-in-Process Inventory $4,700 and credit Cost of Goods Sold $4,700 D) debit Cost of Goods Sold $4,700 and credit Finished Goods Inventory $4,700

_______________________issue shares to customers and invest the proceeds in highly liquid, very-shortmaturity, interest-bearing debt instruments called money market investments.

a. Money market mutual funds (MMMFs) b. Corporations c. Insurance companies d. none of the above