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E1-1 Urlacher Company performs the following accounting tasks during the year.

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E1-1 Urlacher Company performs the following accounting tasks during the year.
______Analyzing and interpreting information.
______Classifying economic events.
______Explaining uses, meaning, and limitations of data.
______Keeping a systematic chronological diary of events.
______Measuring events in dollars and cents.
______Preparing accounting reports.
______Reporting information in a standard format.
______Selecting economic activities relevant to the company.
______Summarizing economic events.

Accounting is “an information system that identifies, records, and communicates the economic events of an organization to interested users.”
Instructions: Categorize the accounting tasks performed by Urlacher as relating to either the identification
(I), recording (R), or communication (C) aspects of accounting.

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