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CA13-7 (Warranties and Loss Contingencies) The following two independent situations involve loss contingencies. Part 1 Benson Company sells two products, Grey and Yellow. Each carries

CA13-7 (Warranties and Loss Contingencies) The following two independent situations involve loss contingencies.

Part 1
Benson Company sells two products, Grey and Yellow. Each carries a one-year warranty.
1. Product Grey

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