What effect does the recognition of bad debt expense have on the net realizable value of the accounts receivable and on net income? Effect on Net Realizable Value: Increase Effect on Net Income: Increase Effect on Net Realizable Value: Decrease Effect on Net Income: Decrease Effect on Net Realizable Value: No Effect Effect on Net Income: No Effect Effect on Net Realizable Value: Increase Effect on Net Income: Decrease Effect on Net Realizable Value: Decrease Effect on Net Income: No Effect