Question: 3. An entity reports a loss for the year. Explain how the entity could have positive cash flow and positive cash from operations in that

3. An entity reports a loss for the year. Explain how

3. An entity reports a loss for the year. Explain how the entity could have positive cash flow and positive cash from operations in that year. (2 marks) 4. Identify the four types of adjusting entries and explain why each type is necessary. (4 marks)

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