Discuss the objectives for Week One How do they relate to practice

Discuss the objectives for Week One. How do they relate to the practice of accounting and its uses in business?

• Distinguish between paid-in and earned capital.
• Record journal entries related to common, preferred, and treasury stock.
• Record journal entries related to the various types of dividends.
• Calculate basic and diluted earnings per share (EPS).
• Evaluate the various accounting treatments for stock compensation.

Write a 350- to 500-word summary of your Learning Team’s discussion.