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Which of the following scenarios are possible for an entity to have: 1. Deficit & debt 2. Deficit & no debt 3. Surplus & debt

Which of the following scenarios are possible for an entity to have: 1. Deficit \& debt 2. Deficit \& no debt 3. Surplus \& debt 4. Surplus \& no debt 1. 4 2,3 1,2,3,4

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