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Question 1: During the year sales to customers were $300,000. Accounts receivable from customers at the beginning of the year were $75,000 and at the end of the year $100,000. As a result cash inflows from sales to customers totalled?
Option 1: $200,000
Option 2: $275,000
Option 3: $225,000
Option 4: $325,000
Shown here are annual financial data at December 31, 2013, taken from two different companies.
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