Student name: 1) Net realizable value of receivables is gross receivables minus A) provision for credit losses and sales returns. B) provision for credit losses and estimated returns and allowances. C) estimated provision for credit losses and estimated returns and allowances. D) proven credit losses and estimated returns and allowances. 2) If sales terms, customer creditworthiness, and accounting methods remain constant, the percentage change in sales and the percentage change in accounts receivable: A) should be about equal. B) should drift farther apart. C) will be zero. D) None of these answer choices are correct. 3) The allowance for credit losses account is A) added to gross accounts receivable. B) added to net accounts receivable. C) subtracted from gross accounts receivable. D) subtracted from net account receivable. 4) Edsel Inc. has the following unadjusted year end trial balance information available for 20X1: Estimated uncollectibles 28 If Edsel uses the sales revenue approach for estimating the allowance for credit losses, the income statement should show an expense of A) $10,000 B) $12,000 C) $14,000 D) $20,000