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With respect to the statement of cash flows, the FASB Accounting Standards Codification classifies cash receipts and cash payments as arising from operating, investing, and financing activities. All of the following should be classified as investing activities except A. Cash outflows to purchase manufacturing equipment. B. Cash outflows to lenders for interest. C. Cash inflows from the sale of a manufacturing plant. D. Cash inflows from the sale of bonds of other entities. |