Using a higher percentage than usual to estimate uncollectible accounts will result in: Select one: O a. Overstating net receivables and understate expenses. O b. Understating net receivables and overstate expenses. c. Overstating gross receivables and understate expenses. O d. Understating gross receivables and overstate expenses. What effect will there be on total assets and net income when a specific account receivable item is deemed to be uncollectible and written off? Select one: O a. Total assets and net income will increase. b. Total assets and net income will decrease. c. There will be either an increase or decrease of total assets and net income. d. There will be no effect on either. e. None of the above is correct