ACC 290 Week 3 Reflection

ACC/290 Principles of Accounting II

Team A Reflection Summary

In week three, Team A began to learn about equity and investments, and how they correspond with organizational accounting. Among these topics, we collectively have learned to understand, comprehend, and apply the types of stocks, how they pertain to corporations, and how corporations issue them. Also in week three, Team A became versed in splits of stock, and how they affect organizational accounting, dividends and how they affect stockholders, and bookkeeping. And finally Team A learned how transactions pertaining to treasury stock are recorded.

Corporations have the ability to issue two major forms of stock. The first form is the most common, which is why it was aptly named, common...