Pharoah Company started the year with total assets of $304000 and total liabilities of $244000. During the year the business recorded $633000 in revenues, $326000 in expenses, and dividends of $62000. The net income reported by Pharoah Company for the year was

Net Income = $307,000

Explanation:

Given:

Total revenue = $633,000

Total expenses = $326,000

Find:

Net income

Computation:

Net Income = Total revenue - Total expenses

Net Income = $633,000 - $326,000

Net Income = $307,000

e would be the answer

forbearance of student loan payments. under forbearance, your loan payments are postponed (or reduced) but interest continues to accrue during the period of forbearance. if you don't pay the interest during that period, the interest may be “capitalized,” which means it is added to your principal balance.