Exercise 1-1 Classifying activities reflected in the accounting system LO C1 Select the aspect of accounting associated with this activity. Activities Aspects of Accounting Communicating eBook ferences 1. Analyzing and interpreting reports. 2. Acquiring knowledge of revenue transactions. 3. Reporting debt owed to lenders. 4. Maintaining a log of sales transactions. 5. Measuring revenue from a holiday sale. 6. Measuring the costs of a product. 7. Reporting the profitability of a product line. 8. Preparing financial statements. Communicating Identifying Recording