07 Post-Test Help Save & Exit Su On October 12 of the prior year, a company determined that a customer's account receivable was uncollectible and that the account should be written oft Unexpectedly, on March 1 of the current year, the customer paid the account in full Assuming the direct write-off method is used to account for bad debts, what effect will this recovery have on the company's net income and total assets? Multiple Choice O Decrease in net income, no effect on total assets. O O No effect on net income; no effect on total assets o o Decrease in net income, decrease in total assets. o Increase in net income increase in total assets o C No effect on net income decrease in totalasses