Question: 3. (a) Is the Company's Liability for guest loyalty programs a deferred revenue or an accrued liability? Explain. (b) What percentage of the Company's total

3. (a) Is the Company's Liability for guest loyalty programs" a

deferred revenue or an accrued liability? Explain. (b) What percentage of the

3. (a) Is the Company's Liability for guest loyalty programs" a deferred revenue or an accrued liability? Explain. (b) What percentage of the Company's total liability for guest loyalty programs is expected to be resolved in the coming fiscal year (that is, in 2015)

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