Buttercup Florist uses the allowance method to account for uncollectible accounts. Unable to collect a $150 account from a customer, Buttercup determined it was uncollectible. How would the write-off of this account affect the companys total assets?

• The net realizable value of receivables and total assets remains unchanged.

• The net realizable value of receivables and total assets increase.

• The net realizable value of receivables and total assets decrease.

• The net realizable value of receivables decreases, and total assets increase.