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Problem 3 Task 3 The data basis for this task is in the Excel file that you find in task 1. Based on the cash
Problem 3 Task 3 The data basis for this task is in the Excel file that you find in task 1. Based on the cash flow for 2019, you must answer these two questions. question 1 In connection with the annual settlement, it was discovered that the company had obsolete goodsto a value (original intake cost) of NOK 20,000 (as of 31 December 2019). This is not included in the cash flow and you should explain how this event affects the cash flow statement Question 2 On 31 December 2019, a machine was sold for cash for NOK 60,000. This transaction has not been booked. The book value of this machine was NOK 58,000. Explain how this event affects the cash flow statement? Kontantstrm Profit before tax expense Paid tax Depreciation Gain on sale of property, plant and equipment Change of inventory Change accounts receivable Change in accounts payable Change in other current liabilities A - Net cash flow from operating activities 2019 4 600 000 425 000 7 000 000 0 -2 000 000 -6 250 000 3 125 000 -975 000 -1 175 000 Invested in fixed assets B - Net cash flow from investing -2 000 000 -2 000 000 Change in long-term debt Change of overdraft facility New equity Dividend paid C-Net cash flow from financing A + B + C is a change in liquidity throughout the year IB Bank (1.1) UB Bank (31.12) Mer om denne kildetekstenKildeteksten er ndvendig for -3 000 000 5 500 000 0 0 2 500 000 -675 000 2 020 000 1 345 000
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