The following information is available for the Benning Corporation for the year ended Dec. 31, 2014:
In addition, the following information is available from the comparative balance sheet for Benning at the end of 2014 and 2013:
Required: Prepare Benning's statement of cash flows for the year ended Dec. 31, 2014, using the indirect method.
Definitions:
Greenhouse Gas
Gases in Earth's atmosphere that trap heat, contributing to the greenhouse effect and impacting global climate change.
Nitrous Oxide
Nitrous oxide, also known as laughing gas, is a colorless, non-flammable gas used as an anesthetic in dentistry and surgery, and also as a greenhouse gas contributing to climate change.
Methane
A colorless, odorless flammable gas that is a major component of natural gas and a potent greenhouse gas contributing to global warming.
Climate Models
Complex computer programs that simulate the Earth's climate systems to predict future climate changes based on various scenarios of greenhouse gas emissions.
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