ON Canada - if you want to reduce or increase it, you may do an early renewal and ask your mortgage professional to follow your requested amortization period. If you decrease the years, you monthly payment goes up but you will be paying your mortgage faster. If you increase the number of years, your payments will be smaller, higher interest paid during the duration of the loan and it will take you a longer period to pay it off. However, long amortixation withy pre-payment makes the the mortgage shorter.

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15.a mining company that has a long-term contract to sell its entire output of coal would recognize revenue when a. the product is available for sale to customer b. cash is received from the customer c. goods are delivered to the customer d. management chooses to do so. 13.baggins company prepared a draft of its 2006 balance sheet. the draft statement reported total assets of $437,500. included in this total assets figure were the following items: treasury stock of baggins company at cost, which approximates market value on december 31 $12,000 unamortized patents $5,600 long-term advances to corporate executives $6,850 unrealized holiday losses on available-for-sale securities $4,200 at which amount should baggins' total assets be correctly reported in the december 31,2006,balance sheet? a.$420,850 b.$421,300 c.$425,050 d.$425,500 5. techtronics corporation has current assets of $782,000 & current liabilities of $425,000. what is techtronics current ratio a.1.97 b.1.84 c.1.45 d.1.39 1. a change from the straight-line method of depreciation to an accelerated method should be accounted for as a/an a.change in an accounting principle b.change in an accounting estimate c.prior period adjustment d.accounting error 3.when preparing a statement of cash flows using the indirect method, the amoritization of trademarks should be reported as a/an a.increase in cash flows from investing activities b.reduction in cash flows from investing activities c.increase in cash flows from operating activities d.reduction in cash flows from operating activities. help is appreciated! thanks

15. D 13. B 5. B 1. B 3. C