Which Data Type Would Be the Best Logical Data Type

question 38

Multiple Choice

Which data type would be the best logical data type for a field named PaidDate?

• A)Currency
• B)Number
• C)Memo
• D)Date/Time

---

Definitions:

Net Income

The sum a company retains as profit after removing costs, expenses, and taxes from its total income.

Retained Earnings

The portion of a company's profits that is kept or retained within the business instead of being paid out to shareholders as dividends.

Stockholders' Equity

The stake in a company's assets left over after all debts have been cleared, frequently called shareholders' equity.

Revenues

Income that a company receives from its normal business activities, usually from the sale of goods and services to customers.