Given an accounts receivable balance on the balance sheet of $250,500, and a previous year's balance of $275,000 for this same account, what is the dollar amount of the variance? O ($ 24,500) O ($ 226,000) O $ 24,500 O $ 226,000 What is another name for inflation accounting? Accrual accounting Current dollar accounting O Double entry accounting Deflation accounting A large amount of AR means a business's collection efforts are working well. O True O False