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Ian bought some goods in May for $600 and sold them in the following August for $950. For the financial year ending on 30 June,

Ian bought some goods in May for $600 and sold them in the following August for $950. For the financial year ending on 30 June, which of the following statements is correct? Ian has assets of $600. Ian has expenses amounting to $600. Ian has revenues amounting to $950. Ian has a profit of $350

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