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A hotel forecasts to collect cancellation penalties from guests who cancel their bookings at the last minute. This revenue (cancellation penalties) should be recorded in

A hotel forecasts to collect cancellation penalties from guests who cancel their bookings at the last minute. This revenue (cancellation penalties) should be recorded in ______in annual budgeting. a. rental and other income b. guestroom revenue c. food and beverage revenue d. other operated department revenue

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