Philadelphia Experienced a Record Amount of Rainfall in August of 2011.During

question 20

Essay

Philadelphia experienced a record amount of rainfall in August of 2011.During the last week of the month,they received additional rain from a hurricane.Since global warming is thought to cause extreme weather patterns,one conclusion that could be drawn is that these patterns are evidence of global warming.What is wrong with this conclusion?

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been subtracted from revenue.

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments not included in cash equivalents.

Bonds Payable

Long-term liabilities representing money borrowed by an entity that must be repaid to creditors at a future date.

Financing Activities

Transactions related to raising capital, repaying investors, and restructuring the financial basis of the entity in the statement of cash flows.