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. Watered Down Lid has a profit after tax of $693581 for the period ended 30 June 20X5. Watered Down Lid also has $1000000 of

. Watered Down Lid has a profit after tax of $693581 for the period ended 30 June 20X5. Watered Down Lid also has $1000000 of 8% cumulative preference shares. These preference shares cannot be conve...

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