The account called allowance for doubtful accounts - is deducted from accounts receivable on the balance sheet to compute cash realizable value. - is reported on the balance sheet as an offset against total current assets. - reduces net income reported on the income statement. - appears under the heading "other assets" on the balance sheet. - increases the net realizable value of accounts receivable reported on the balance sheet.

Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.