Why Does the ZIP Column in the REP Table Have

question 9

Essay

Why does the ZIP column in the REP table have a data type of CHAR, if a ZIP Code is made up of numbers?

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Definitions:

Common Stock

A form of corporate equity ownership, a type of security that signifies an ownership interest in a corporation and a claim on a portion of its profits.

Installation Costs

Expenses associated with setting up or installing equipment, machinery, or infrastructure necessary for the operations or activities of a business.

Depreciation Process

The systematic reduction in the recorded cost of a fixed asset over its useful life, reflecting its decrease in value over time.

Matching Principle

An accounting principle that dictates expenses should be recognized in the same period as the revenues they help to generate.