1. When a company receives a cash dividend payment, where will it be on the cash flow statement (operating, investing, financing)? Operating Section 2. Jill's Jewelry store received a $15,000 payment on December 10, 2019 from a customer for a ring that would be delivered in February 2020. When the payment was received, the bookkeeper debited cash and credited sales revenue. This error causes to be overstated and to be understated as of December 31, 2019. a. assets; liabilities b. liabilities; equity c. equity; liabilities d. liabilities; assets