Perez Company paid a $440 cash dividend. Which of the following accurately reflects how this event affects the company's financial statements? A B C D Assets n/a (440) (440) (440) = Multiple Choice Balance Sheet Liabilities 440 n/a n/a n/a Option A + Stockholders' Equity (440) (440) (440) (440) Revenue n/a n/a n/a n/a Income Statement Expense 440 440 n/a n/a = Net Income (440) (440) n/a n/a Statement of Cash Flows n/a (440) FA (440) FA (440) OA

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Functions of Financial Institutions

Financial institutions are businesses that are formed to deal with financial and monetary transactions. These organizations primarily accept deposits, advance loans, make investments, and provide foreign exchange services. Financial institutions include, but are not limited to, banks, insurance companies, trust companies, brokerage firms, and investment bankers. Because financial institutions play such an important role in the economy in terms of monetary transactions, regulating their activities has become a requirement for governmental authorities. As a result, the government creates a multitude of laws and regulations to oversee the activities of financial institutions.