Question: Classify the three activities of accounting. E 1 . 1 ( LO 1 ) Genesis Company performs the following accounting tasks during the year. _

Classify the three activities of accounting.
E1.1(LO 1) Genesis 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 currency (such as euros or yen).
_________ preparing accounting reports.
_________ Reporting information in a standard format.
_________ Selecting economic activities relevant to the company.
_________ summarizing economic events.

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