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QUESTION A: QUESTION B: Selected data from 2020...

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Accounting

QUESTION A:

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QUESTION B:

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Selected data from 2020 financial statements of Larkspur Corporation include the following (amount in millions): The debt to assets ratio is 48.50%. 8.00 times. 1.80%. 66.00%. On October 1, Ivanhoe Painting Service borrows $176000 from National Bank on a 3-month, $176000,5% note. The entry by Ivanhoe Painting Service to record payment of the note and accrued interest on January 1 is

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