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Kent Co.includes one coupon in each bag of dog food it sells.In return for eight coupons, customers receive a leash.The leashes cost Kent $2.00 each.Kent estimates that 40 percent of the coupons will be redeemed.Data for 2006 and 2007 are as follows:
-The estimated liability for premiums at December 31, 2006 is
Health
The state of being free from illness or injury, including physical, mental, and social well-being.
Cotton Clothing
Garments made from cotton, a natural fiber known for its breathability and moisture-wicking properties.
Wicks Moisture
Refers to the ability of a material to transport moisture away from the skin, keeping the body dry and comfortable.
Active Adults
Individuals typically over the age of 18 who engage in physical activity beyond their routine daily activities.
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