E$1\mathrm{.}1($LO $1),$ C Callison Company performs the following accounting tasks during the year. $q,$

Analyzing and interpreting information. $q,$

Classifying economic events. $q,$

Explaining uses, mneaning, and limitations of data. $q,$

Keeping a systematic chronological diary of events. $q,$

Measuring events in dollars and cents. $q,$

Preparing accounting reports. $$

Reporting information in a standard format. $q,$

Selecting economic activities relevant to the company. $$

Summarizing economic events.

Accounting is $"$an information system that identifies, records, and communicates the econon interested users."