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1 pts Question 18 In December, 2020, Masters Company declared and paid dividends. Which of the following describes the effect of this transaction on the

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1 pts Question 18 In December, 2020, Masters Company declared and paid dividends. Which of the following describes the effect of this transaction on the company's annual 2020 financial statements? Decrease current assets, decrease retained earnings, decrease cash flows from investing activities O Decrease current assets, increase retained earnings, decrease cash flows from financing activities Decrease current assets, decrease net income, increase cash flows from financing activities Decrease current assets, decrease net income, decrease cash flows from financing activities Decrease current assets, decrease retained earnings, decrease cash flows from financing activities

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