The date on which a cash dividend becomes a legal obligation is the O A. payment date OB. date of record OC last day of the fiscal year, D declaration date Which financial statement reports cash payments and cash receipts over a period of time? OA statement of cash flows B. income statement OC. balance sheet OD. statement of retained earings The financial statements of a merchandising company will show O A. inventory as a current asset on the balance sheet. OB. the same accounts as the financial statements of a service company OC gross profit after operating expenses on the income statement OD cost of goods sold as a contra revenue account on the income statement