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Assume on December 17, Intel's management decided to expand its replacement program by offering to supply a replacement chip to all purchasers of a defective

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Assume on December 17, Intel's management decided to expand its replacement program by offering to supply a replacement chip to all purchasers of a defective Pentium chip, regardless of how they use it. Intel will provide a new chip free of charge, as well as pay for any replacement labor costs. What expense/liability should Intel reflect on its 1994 financial

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