Questi 46 Not yet answered Marked out of 100 Flag question Al Quarter SAOG has a tax liability brought forward of OMR 17,000. The liability is finally agreed at OMR 18.500 and this is paid during the year. The company estimates that the tax liability based on the current year's profits will be OMR 20.000. What is the correct journal entry for the situation? None of the listed choices Dr. Income tax expenses OMR 17,500 Cr. Tax Liability OMR 17.500 Dr. Tax Liability OMR 1,500 Cr. Income tax expenses OMR 1.500 Dr. Income tax expenses OMR 1,500 r. Tax Liability OMR 1.500 Cuestion 48 Not yet What is the journal entry to record the payment of final dividend on ordinary shares on the date of declaration? answered Marked out of 1.00 Flag question Dr. Preference dividend payable Cr. Retained earnings Dr. Preference dividend payable Cr. Cash Dr. Preference dividend payable Cr. Share capital Dr. Retained earnings Cr. Dividend payable